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International expansion and contracts

10th May 2010 07:00

RNS Number : 5855L
Globo plc
10 May 2010
 



 

FOR IMMEDIATE RELEASE

10 May 2010 

 

 

GLOBO plc

 

CONTINUES INTERNATIONAL MOBILE EXPANSION;

 

NEW ORDER WINS IN SE EUROPE AND AFRICA

 

 

 

Globo plc ("Globo" or "the Group"; LSE-AIM: GBO), the international IT, mobile solutions and S.a.a.S group, is delighted to announce the continuing development of its international mobile business with a new order for CitronGO! from a Mobile Network Operator ("MNO") in South East Europe and contract for a large SMS Campaign in Africa).

Globo has received an order, from a MNO in South East Europe, to provide the CitronGO! messaging and social networking service to be rolled out by the end of the first half of 2010. The service is based on the CitronGO! SaaS offering under which Globo will receive a fixed service fee per month per active user. The technical implementation is already in progress and is expected to be finalised by the end of May 2010.

Globo has also won a contract to provide a technology solution to enable one of the leading MNOs in Africa to conduct a large scale SMS Campaign over a period of 3 months. The campaign is expected to generate revenues of approximately €1 million for the Group within the first half of the Group's financial year.

These business wins follow the first contract for CitronGO!, announced in January 2010, with a major operator in South East Asia with more than 85 million subscribers. Since then Globo launched GO!Social, a social networking product for the youth market, at the GSMA in Barcelona in February as well as signing an MOU with a Latin American operator.

 

In support of its international expansion plans, the Group is recruiting internationally experienced professionals in the mobile sector, who are working with regional teams to develop relationships with MNOs in Latin America, North America, South East Europe, the Middle East, India, China and South East Asia. In addition, in March 2010 the Group established a regional office in Singapore to monitor and expand the Group's operations in the South East Asia region, focusing on the development of CitronGO! and other mobile services.

 

Costis Papadimitrakopoulos, CEO, commented:

 

"We are delighted that through CitronGO! and other products Globo's expansion into the international mobile applications market is gaining real momentum. Our focus on establishing relationships with MNOs wishing to enrich the mobile experience of their customers is now paying off. The contracts we have won in Africa and South East Europe is the result of a concerted international business development effort targeting 81 MNOs in 66 countries representing 1.2 billion subscribers - or close to a quarter of global mobilesubscribers.

 

"The latest contracts for CitronGO! will increase Globo's international subscriber base, which is developing in SE Asia, as well as generating recurring revenues from our SaaS offering. The large scale SMS campaign contract is a result of the Group's combined technological and mobile industry expertise, expanding geographical footprint and excellent MNO relationships.

 

"We are excited about the opportunities in the international mobile market and look forward to reporting further developments."

 

Ends

 

 

 

Note to editors:

 

CitronGO! is an open, 'cloud' mobile communications platform solution which enables users to interact with multiple services including e-mail, Instant Messaging, contacts, calendar and social networking at any time, any place and using any connected device. CitronGO! has been developed from Globo's existing e-business, communications and S.a.a.S proprietary technologies. The key features include:

 

o all applications integrated onto a single screen;

o synchronisation of data over the air (OTA) to provide:

·; push email, contacts, calendars supporting all major providers;

·; instant messaging (supporting the major I.M. providers);

·; file and folders web storage 'cloud; and

·; social networking accounts (supporting the major social networks)

 

 

CONTACTS

 

Globo plc

 +30 210-646-6008 +30 210-646-6008

Costis Papadimitrakopoulos, CEO

Dimitris Gryparis, Finance Director

NCB Stockbrokers Limited (Nomad)

 +44 20-7071-5200 +44 20-7071-5200

Christopher Caldwell or Barclay Clibborn

Astaire Securities Plc (Joint Broker)

Ruari McGirr

 +44 20-7448-4454 +44 20-7448-4454

Daniel Stewart & Company Plc (Joint Broker)

 +44 20-7776-6550 +44 20-7776-6550

Christopher Theis

Bankside

 +44 20-7367-8888 +44 20-7367-8888

Steve Liebmann, Simon Bloomfield or Andy Harris

 

 

About Globo

 

GLOBO plc was admitted to AIM in December 2007. Founded in 1997, Globo has established itself as one of the market leaders in the ICT market, offering a wide range of products and services to the corporate, public and consumer market. It provides mobile, e-business and telecom software products and related services to the private and governmental and mobile sectors. The Group expands internationally based on its mobile communications strategy. For further information please go to www.globoplc.com.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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