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New CitronGO! order wins

14th Sep 2010 07:00

RNS Number : 6071S
Globo plc
14 September 2010
 



 

FOR IMMEDIATE RELEASE

14 SEPTEMBER 2010

 

 

GLOBO plc

 

 

5 NEW CITRONGO! ORDER WINS

 

MAJOR SERVICE LAUNCH WITH GLOBAL MOBILE NETWORK OPERATOR

 

INTERNATIONAL EXPANSION CONTINUES

 

 

 

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 new order wins for CitronGO! from Mobile Network Operators ("MNOs") in South East Europe, South East Asia and Latin America. The company also announces a major service launch with a division of a global MNO for a CitronGo! contract.

Globo has received five new orders from MNOs, two from South East Europe, one from South East Asia, one in South Asia and a further MNO in Latin America totaling a targeted subscription base of 59.5 million. The contracts are to provide the CitronGO! messaging and social networking service. The technical implementation is already in progress and the MNO's service rollouts have begun and are expected to be finalised by the end 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.

Globo has recently launched one of the above contracts with a global mobile operator's South East European division. The CitronGO! service is provided under the MNO's branding and promotion of the product is taking place through a major advertising campaign which includes above and below the line activities.

These latest wins follow the previously announced contracts. Globo is now operating with 13 MNOs in 20 countries with an addressable 205 million subscriber base.

 

Globo has expanded its international presence by opening offices in the United States, the United Arab Emirates, Singapore, and Indonesia which will enable it to take advantage of the opportunities offered by these technologically developed markets.

 

 

Costis Papadimitrakopoulos, CEO, commented:

 

"This latest set of contract wins with several global MNOs provides Globo with further opportunities of international expansion.

 

These contracts for our CitronGO! platform and successful service launch for a global MNO is a further validation of our service quality and competitiveness and our strategy of commercialising CitronGO! through international MNOs.

 

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

 

Ends

 

 

 

Globo plc

 +30 210-646-6008

Costis Papadimitrakopoulos, CEO

Dimitris Gryparis, Finance Director

NCB Stockbrokers Limited (Nomad)

 +44 20-7071-5200

Christopher Caldwell or Barclay Clibborn

Daniel Stewart & Company Plc (Broker)

 +44 20-7776-6550

Christopher Theis

Bankside

 +44 20-7367-8888

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 international market leaders in the Mobile and ICT market, offering a wide range of products and services to the mobile, 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 has an International presence with offices and subsidiaries in 8 countries and continues to expand 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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