Reseller Agreement in India
10 Diciembre 2009 - 1:00AM
UK Regulatory
TIDMVYKE
RNS Number : 8834D
Vyke Communications PLC
10 December 2009
Vyke Communications plc
("Vyke" or "the Company")
Vyke Agrees an Exclusive Partnership with O-Zone Networks for Mobile VoIP in
India
Vyke today announces that it has signed an exclusive strategic
partnership agreement with O-Zone Networks of India, whereby O-Zone will act as
master reseller for Vyke's complete product range with a strong focus on Vyke
Mobile for the private and business segment.
This exclusive partnership, which is for an initial period of ten years, with
an option to extend it to twenty years, builds upon the component strengths of
both Vyke and O-Zone by combining Vyke's leading paid mobile VoIP service and
O-Zone's leading position as the Wi-Fi service provider in India.
O-Zone
Networks Pvt. Limited, which is headquartered in New Delhi and has
representative offices in Bangalore and Mumbai, was founded with the aim of
providing wireless internet and mobility solutions to the masses across India.
O-Zone's business plan has been to build a wireless broadband entity that is a
hybrid of owned, overlay and roaming networks across Tier 1 retail, commercial,
leisure, hospitality, transportation and residential locations. The objective is
to provide a fully integrated and seamless mobile broadband experience across
all of these networks at affordable prices. Aligning with its core plan to be
India's largest Wi-Fi Operator, O-Zone also provides its clients with value add
services and solutions which use wireless broadband technology as the transport
layer for high bandwidth applications and services.
This exclusive and strategic partnership provides Vyke with access to
O-Zone's loyal and growing base of wireless customer, and further, it provides
O-Zone access to Vyke's Mobile VoIP product offering and adds a new and
high-potential sales channel to its existing distribution structure. This also
position Vyke to benefit from the high growth rate enjoyed by O-Zone's fast
roll-out of open platform wireless broadband voice, text and community services
across India.
The first services are expected to be launched through O-Zone by the end of Q1,
2010 based on a revenue and profit sharing model between the parties. Launch is
not expected to add any significant cost to Vyke's existing and scalable
infrastructure.
Tommy Jensen, Executive Chairman of Vyke, commented:
"Vyke is delighted to
have formed this relationship. O-Zone provides a unique opportunity to access
one of the fastest growing economies and wireless networks in the world. India's
current base of mobile subscribers is approaching 350 million and is expected
to grow to over 1 billion in the future, which provides an exciting opportunity
for Vyke's core competency of paid mobile VoIP services".
Sanjeev (Bobby) Sarin, Founder and CEO of O-Zone, commented:
"This agreement is fantastic news for O-Zone as it will allow us to utilize
Vyke's unique mobile clients, billing platform and infrastructure to launch an
integrated mobile VoIP solution within our rapidly growing network."
=--- ends ----
For Vyke - For further information please contact:
+----------+----------+--------------+
| Vyke Communications | |
| plc | |
+---------------------+--------------+
| Tommy Jensen, | +44 (0) |
| Executive Chairman | 20 7732 3666 |
| Kim Berknov, CEO | |
+---------------------+--------------+
| | | |
+----------+----------+--------------+
| Daniel Stewart | +44 |
| | (0)20 |
| | 7776 6550 |
+---------------------+--------------+
| Graham | |
| Webster/Martin | |
| Lampshire | |
+---------------------+--------------+
| |
+------------------------------------+
| Threadneedle | +44 |
| Communications | (0)20 |
| | 7653 9850 |
+---------------------+--------------+
| Graham Herring/Josh | |
| Royston | |
+----------+----------+--------------+
For O-Zone - For further information please contact:
+----------+----------+
| O-Zone | |
| Networks | |
| Pvt. | |
| Limited | |
+----------+----------+
| Sanjeev | +91 |
| (Bobby) | (9871) |
| Sarin | 579 993 |
+----------+----------+
| | |
+----------+----------+
About O-Zone
O-Zone Networks offers sophisticated national wireless LAN
coverage across India. O-Zone infrastructure is a multi-service provider
platform, which allows providers such as ISPs, mobile operators, gaming, VOIP
and broadband companies to offer a fully branded wireless LAN experience to
their customers. With O-Zone, site owners maximise their revenue potential by
supporting all major service providers at their location and customers enjoy
choice of provider and the best possible user experience.
The management team of O-Zone has extensive business experience and deep
knowledge in telecom, network solutions and applications. Prior to O-Zone, they
held management positions at various well-known companies including British
Telecom, IBM, The Cloud, Merrill Lynch, Accenture and Cisco.
O-Zone is privately held and backed by Access Industries based provider of
mobile social networking and interactivity applications.
For more information please visit www.o-zone.in
About VYKE
Vyke
Communications plc is the leading mobile Voice over Internet Protocol ("VoIP")
service provider and is headquartered in the UK with subsidiaries and offices in
Norway, USA, Iceland and Malaysia. The strategic goal of Vyke is to combine its
expertise in VoIP-based communication systems, mobile data service
creation/handset technology and wholesale carrier network management to provide
a converged communication solution. Vyke's current set of mobile-oriented
products offers up to a 98% discount compared to current typical mobile operator
pricing structures.
About VYKE MOBILE IP
Vyke Mobile IP is the
leading mobile-oriented Voice over IP (VoIP) service offering users up to 98%
discount compared to typical mobile operator pricing structures. One of the
first mass market mobile VoIP services, launched in April of 2006, Vyke Mobile
IP features mobile oriented sign-up steps, automatic configuration services and
pricing.
About the VYKE product suite
The Vyke suite of
communication products features advanced services providing users with low cost,
mobile operator/fixed line provider independent ways of making voice calls and
sending text messaging from the mobile phone, PC and internet.
Please
visit www.vyke.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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