OK Investors, we are looking for a payday!!!!
On just how many levels does this scam fall apart?
Let's see
1) 38GHz bands (as mentioned by another commentard) really, really short range. IIRC, the proposed uses for 60 GHz took into consideration that their use was mainly line of sight, and suggested it was more of an indoor solution.
2) IMHO, it is proposed as a last mile solution, which may not scale well, because resources are shared. You still need some form of backhaul to connect to the internet backbone.
3) Because it uses short (millimeter) wavelengths, outdoors, it is subject to atmospheric effects. Those of you who have ever experienced "satellite fading" (also known as "rain fade") know what I refer to. This can only be expected to be worse than what is experienced in the lower frequency satellite bands.
4) Because of the limited signal range, there will have to be a large number of masts, which will only encourage the NIMBY and RF-phobia crowds to attempt to block their construction.
5) it is easily blocked by objects in the transmission path. Anyone who receives OTA digital tv signals (and, here my experience is tempered by my being a USAian), objects in the signal path (like airplanes) cause all kinds of interference resulting in pixellation. It is not a leap of faith to expect similar interference issues with data packet loss.
IMHO, these guys are just looking for some more investors suckers to fund their lifestyles if they are proposing this as a last mile solution. As point to point backhaul, then we may be talking about a completely different situation.
Icon that most closely resembles what they want to do to their """investors""".