O2 Secure Wireless, Inc. announced that a memorandum of understanding has been signed that outlines both parties' intention to collaborate on the continued and expanded delivery of wireless broadband services within South America. The MOU enables O2 Secure Wireless 60 days to evaluate and complete the Due Diligence process. Providing the due diligence processes returns positive data that is then appropriately evaluated and confirmed, O2 Secure Wireless would be taking a controlling interest in the operating cable company.

The immediate company goal would be to expand current services, which includes include the immediate provisioning of Internet and home phone and an IPTV platform through an already well-established provider of these services. Mobile services utilizing the branded corporate phone will also be offered to complete the package. A final agreement is expected to be signed in December, 2012 following a thorough legal review the company legal resources.