The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSMRT.L Regulatory News (SMRT)

  • There is currently no data for SMRT

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Partnership with Live Telecoms

14 Apr 2014 07:33

RNS Number : 7337E
Coms PLC
14 April 2014
 



14 April 2014

Coms plc

("Coms" or the "Company")

 

Coms Mobile strikes lucrative partnership with Live Telecoms

Coms (LSE: COMS) is delighted to announce an exciting partnership to supply the UK based African population with a SIM offering that offers extremely cost-effective calls between SIM and between countries.Coms Mobile is providing Live Telecoms with a SIM only product offering called PhoneAfrika mobile. The brand will offer cheap call rates to Africans travelling to and living in the UK in order for them to call back home. It also allows Africans travelling anywhere in the world to make reduced price calls back to their homeland. This partnership will also allow Live Telecoms to access Coms' wider product portfolio including residential and business calls, lines and broadband packages and take its product to a much wider audience than has previously been possible.This is now even more prevalent, with recent figures showing that in the last 10 years, the British population of Africans has doubled from 0.8 per cent to 1.7 per cent making a total of approximately 1 million in London. Live Telecoms is the latest organisation to partner with Coms and take advantage of Coms' innovative mobile service offering and complements Live Telecoms' global service provision.The initial 2-year agreement will see Coms supplying Live Telecoms with 50,000 SIMs; 10,000 have already been delivered and are ready for use. The prospect of the contract is such that if the 50,000 SIMs reaches £20 per month ARPU (average revenue per user) this will be worth £12m of revenue for Coms per annum. The ARPU figure stated is within OFCOMs research into spend per month, per user. Additionally, Live Telecoms will be accessing another Coms company - Coms Media - by utilising their huge capability in marketing PhoneAfrika mobile's new solution.David Breith, CEO for Coms explained: "We are delighted that Live Telecoms is partnering with Coms Mobile; Live Telecoms turned to us as they recognised that we are able to offer them reliability, marketing expertise, technical support and that we have access to a large network coverage area. Furthermore, this is another global solution we are offering ensuring our comprehensive portfolio of services is reaching more and more people. This is lucrative for the business too, if full potential revenues for the business are realised this could mean £12m per year to Coms."Victor Kisseih, CEO of Live Telecoms, said: "We chose to partner with Coms as we recognised that they matched our values and needs and that they are adaptable and innovative. This partnership means we can now take our product to market and is opening up a lot more doors for us."

 

For further information, please contact:

 

Coms plc +44 (0) 207 148 3000

David Breith (CEO)

Iain Ross (Chairman)

 

Charles Stanley Securities +44 (0)207 149 6000

(Nominated Adviser and Joint Broker)

Karri Vuori/Philip Davies

 

Notes to Editors

 

About Coms

 

Established in 2005, Coms is an end-to-end provider of telecommunications and IT services to business and industry. From hosted VoIP telephony to smart buildings to broadband to business infrastructure, Coms offers an unrivalled service built on innovation, passion and dedication. Unlike most VoIP providers, Coms does not rely on third party providers and we own and operate a UK based Carrier Class telephony platform. For more information, please visit www.coms.com.

 

About Live Telecoms

 

Live Telecom is a UK telecommunications group set-up in 2013 to provide mobile solutions across Africa, America and Europe. The company has a global presence across the world with products that include voice, data and financial services. Each product has been designed with modern telecommunications technology to add value to the consumer's experience. For more information, please visit www.phoneafrikamobile.co.uk

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRAGGUCPCUPCUQC
Date   Source Headline
2nd May 20247:00 amRNSCancellation - SmartSpace Software plc
1st May 202410:45 amRNSScheme Effective
1st May 20247:30 amRNSSuspension - SmartSpace Software plc
30th Apr 202410:41 amRNSForm 8.3 - [SmartSpace Software plc]
26th Apr 20241:30 pmRNSCourt Sanction of Scheme of Arrangement
24th Apr 20246:00 pmRNSSmartspace Software
24th Apr 20244:45 pmRNSDetails of Court Sanction Hearing
23rd Apr 202410:10 amRNSForm 8.5 (EPT/RI)
19th Apr 20242:18 pmRNSForm 8.3 - Smartspace Software plc
19th Apr 202410:51 amRNSForm 8.5 (EPT/RI)
18th Apr 20241:00 pmRNSResults of Court Meeting and General Meeting
17th Apr 202411:26 amRNSForm 8.3 - [SmartSpace Software plc]
15th Apr 20245:30 pmRNSDisclosure under Rule 2.10(c) of the Takeover Code
15th Apr 202410:31 amRNSForm 8.3 - [SmartSpace Software plc]
11th Apr 20242:35 pmRNSForm 8.3 - Smartspace Software plc
11th Apr 20248:04 amRNSForm 8.5 (EPT/RI)
9th Apr 20244:30 pmRNSHolding(s) in Company
9th Apr 20242:46 pmRNSForm 8.3 - SmartSpace Software Plc
9th Apr 20242:37 pmRNSForm 8.3 - Smartspace Software plc
9th Apr 20242:00 pmRNSDisclosure under Rule 2.10(c) of the Takeover Code
9th Apr 20241:00 pmRNSForm 8.3 - SmartSpace Software plc - Trafalgar
9th Apr 20249:00 amRNSHolding(s) in Company
8th Apr 20242:19 pmRNSForm 8.3 - Smartspace Software plc
5th Apr 20242:34 pmRNSForm 8.3 - SmartSpace Software plc
5th Apr 202411:26 amRNSForm 8.3 - Smartspace Software plc
3rd Apr 20244:26 pmRNSForm 8.3 - Smartspace Software PLC
3rd Apr 20243:10 pmRNSForm 8.3 - Smartspace Software PLC
2nd Apr 202410:41 amRNSForm 8.5 (EPT/RI)
28th Mar 20241:00 pmRNSForm 8.3 - SmartSpace Software plc - Trafalgar
28th Mar 202411:15 amRNSDisclosure under Rule 2.10(c) of the Takeover Code
28th Mar 202410:33 amRNSForm 8.3 - Smartspace Software Plc
28th Mar 20249:22 amRNSForm 8.5 (EPT/RI)
27th Mar 202412:04 pmRNSForm 8.3 - SMARTSPACE SOFTWARE PLC
27th Mar 202410:56 amRNSForm 8.3 - [SmartSpace Software plc]
27th Mar 20249:00 amRNSPublication of Scheme Document
27th Mar 20247:00 amRNSDisclosure under Rule 2.10(c) of the Takeover Code
27th Mar 20247:00 amRNSForm 8.3 - SMARTSPACE SOFTWARE PLC
26th Mar 20245:30 pmRNSHolding(s) in Company
26th Mar 20242:19 pmRNSForm 8.3 - Smartspace Software plc
26th Mar 202411:46 amRNSForm 8.3 - Smartspace Software PLC
26th Mar 202411:15 amRNSHolding(s) in Company
26th Mar 202410:24 amRNSForm 8.3 - Smartspace Software PLC
26th Mar 20249:37 amRNSForm 8.5 (EPT/RI)
26th Mar 20248:54 amRNSForm 8.3 - SMARTSPACE SOFTWARE PLC
25th Mar 20246:15 pmRNSHolding(s) in Company
25th Mar 20246:03 pmRNSForm 8.3 - SmartSpace Software plc
25th Mar 20243:30 pmRNSForm 8.3 - Smartspace Software plc
25th Mar 20242:40 pmRNSForm 8.3 - Smartspace Software plc
25th Mar 20241:58 pmRNSForm 8.3 - [SmartSpace Software plc]
25th Mar 202412:30 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.