Last checked at 15 Mar 2011 07:00
Embargoed: 0700hrs, 15 March 2011
EXPANSYS plc
("EXPANSYS" or the "Group")
EXPANSYS Signs SIM card Distribution Agreement with T-Mobile in USA
EXPANSYS plc, a leading global online retailer of wireless technology and provider of mobile network solutions, has signed its first major nationwide SIM card distribution agreement in the USA with T-Mobile, one of America's largest carriers. The deal will see EXPANSYS become a partner of T-Mobile, wholesaling T-Mobile SIM cards and prepay equipment in the US retail market
The Group will primarily utilise EXPANSYS' existing logistical infrastructure and management team in the USA to become a distributor in the high growth pre-pay handset and SIM-only market, which is significantly underdeveloped compared to Europe.
The Group-owned subsidiary DSNS is the market leading SIM card distributor in the UK, selling products on behalf of all the major network operators and leading MVNOs. This expertise and experience, combined with EXPANSYS' online retail and logistical presence in the USA, positions the Group extremely well to replicate this successful model in the US market.
Anthony Catterson, Chief Executive, commented:
"This deal represents EXPANSYS' first major push into the US SIM distribution opportunity where, unlike Europe, the pre-pay and SIM-only markets are nascent. The DSNS-EXPANSYS proposition is highly compelling for carriers and MVNOs seeking to exploit the high growth potential of pre-pay and SIM-only customers.
The USA represents one of EXPANSYS' most attractive growth opportunities for SIM distribution. The partnership with T-Mobile, one of only two nationwide GSM carriers, is an exciting step into that market."
Bill Davis, Senior National Account Manager, RPS, Prepaid of T-Mobile USA said:
"T-Mobile recognises the enormous potential for the pre-pay and SIM-only markets in the USA and requires partners who could bring relevant experience, management capability and logistical solutions to drive our proposition in this area."
For further information, please contact:
EXPANSYS plc Anthony Catterson, CEO
| Tel: +44 (0) 161 918 3499 acatterson@EXPANSYS.com |
Cenkos Securities Stephen Keys or Camilla Hume
| Tel: +44 (0) 20 7397 8900 skeys@cenkos.com / chume@cenkos.com |
M:Communications Nick Miles or Ben Simons | Tel +44 (0)20 7920 2340 miles@mcomgroup.com / simons@mcomgroup.com
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Investor relations website | www.EXPANSYS.plc.uk
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About EXPANSYS
EXPANSYS (AIM: XPS) is global online consumer electronics retailer, operating directly in 50 countries with a vast range of products, and a focused approach to service and value for its customers. In 2010 the Group acquired Data Select Network Solutions, the market leading B2B SIM card distributor selling products on behalf of all the UK's major network operators and MVNOs. The Group also includes PJ Media, an eCommerce and web publishing business with expertise in the telecommunications sector, and a number of large international blue chip clients.