News and Announcements
Crowd Mobile Secures Strategic Partnerships to Expand Network to South America
- Published March 01, 2016 10:10AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
29th February 2016, ASX Announcement
Highlights:
- Crowd Mobile signs partnership agreements to launch into Brazil and Columbia
- The partnerships will allow the Company to launch its Question & Answer (Q&A) Content Subscription products into both markets which have around 100 million smartphone users
- There is little capital investment required to expand into these lucrative markets as Crowd Mobile already supports the languages used in the two countries
- Brazil is the largest smartphone market in South America and Brazilians spend 10 minutes more on average epr day on their devices than people in other countries.
Crowd Mobile Limited (ASX: CM8 & FWB-XETRA: CM3) (Crowd Mobile or the Company) is pleased to announce that it has signed agreements to launch into the two South American countries of Brazil and Columbia as the company advances its global expansion strategy.
The Company has established mobile-payment (m-payment) connections with telecommunications companies Vivo, TiM, Oi and Claro in Brazil and Calro, Movistar and Tigo in Columbia that will give Crowd Mobile access to a market with nearly 100 million smartphone users.
To read the full announcement, please click here.
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