It appears to be a VOIP via wireless to the nearest link to the internet. There are already MVNOs doing this via wifi.
Thing is, who picks up the tab for the eventual internet connection?
I dunno, but two days ago T-mobile ran an ad that said LTE is here, and sure enough I enabled wireless on my phone and it immediately connected to a local wifi, for calling and texting even though my cell tower signal is much stronger. You’d think LTE would evaluate signal strength and stick with the tower instead of running to somebody’s wifi router.
Whoever is closest and has an up internet connection, I would imagine.