@Privacymatters @jasonkoebler @josephcox How well can a full-stack MVNO truly segregate their customers' traffic / metadata from the logical and physical network layers they rest on? Especially when the underlying MNO contracts with other carriers for roaming coverage? I.e., Cape will use UScellular's IoT network. UScellular contracts with AT&T for roaming coverage. (And now T-Mobile is trying to buy most of UScellular...)
I do like how one of Cape's FAQs is "Is this a honeypot for law enforcement?"