News and Announcements
Crowd Mobile to Launch into South Africa
- Published October 06, 2015 12:10PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
6th October 2015, ASX Announcement
Crowd Mobile Limited (ASX: CM8 & FWB-XETRA: CM3) is pleased to announce that it has continued its global rollout, executing a supply agreement to launch Crowd Mobile services into South Africa. This is the Company’s first foray into the African continent, which represents a significant growth opportunity for the Crowd Mobile business going forward.
Commenting on Crowd Mobile’s launch, Chief Executive Officer Domenic Carosa said:
“We are very excited to be entering the South African market. South Africa has a population of over 50 million people, with a smartphone penetration rate of 40%, representing a substantial growth opportunity for Crowd Mobile.”
“This agreement marks the first step of further expansion by Crowd Mobile into the African region and is therefore a very significant milestone for the Company and its geographic rollout.”
To read the full announcement, please click here.
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