30th Nov 2018 08:57
LONDON (Alliance News) - Shares in Mobile Streams PLC surged on Friday after the company inked a direct billing agreement with Bharat Sanchar Nigam Ltd, with connection to over 100 million customers.
Shares in the mobile content retailer were trading 65% higher at 1.08 pence each.
Bharat Sanchar Nigam is India's state owned telecommunications company.
Chief Executive Officer Simon Buckingham said: "We welcome the opportunity to partner with India's longest established communication service provider. The mobile games industry in India has great potential and we are pleased to connect with BSNL's 100 million subscribers."
Mobile Streams formed an Indian subsidiary, Mobile Streams India Private Ltd in 2015. The company is currently providing downloadable and online versions of their games store, mobilegaming.com.
Related Shares:
Mobile Streams