Mobile Streams plc AGM Statement (1356A)
22 December 2017 - 6:00PM
UK Regulatory
TIDMMOS
RNS Number : 1356A
Mobile Streams plc
22 December 2017
Mobile Streams plc
("Mobile Streams" or the "Company")
AGM Statement
At its Annual General Meeting which is taking place today at 9am
at the offices of Grant Thornton UK LLP at Grant Thornton House, 30
Finsbury Square, London, EC2P 2YU, Mobile Streams will provide the
following update to its shareholders:
"In India, Mobile Streams is gradually establishing itself in
the market by working with the majority of telecom operators and
forming relationships and partnerships with a number of the
industry's leading players.
Mobile Streams now has direct carrier billing with five of the
leading six Indian telecom operators so that it can bill its
mobilegaming.com games service conveniently and easily. Four of
these connections are live and one is currently in the integration
phase.
At an industry level, whilst Reliance Jio's launch in September
2016 was widely expected to shake up the market, the scale of
disruption has taken many by surprise. Operator revenues have
fallen quarter on quarter across the board and consolidation has
taken place (Tata and Telenor are exiting India and Vodafone is
merging with Idea). Reliance Jio has now acquired approximately
150m subscribers in 12 months, initially through the free voice,
cheap data packages, retained though the ongoing cheap high-speed
data connections.
For 2018 and beyond, the Company's primary focus is ensuring
that our net revenues exceed our marketing expenses for each of our
key relationships and so we are reviewing the way in which we pay
for advertising so as to ensure that it is as linked to successful
customer acquisitions as possible.
We are also working closely with key players in the industry who
have vast experience and a history of success in the Indian
market.
In Argentina, revenues have been steady for the past few months.
Our current portfolio of products include a HTML5 games portal and
glamour and fashion sites among the premium ones, while we keep the
legacy applications and content downloading products too, while
moving all the base to premium subscriptions to increase our
overall revenue shares."
Enquiries:
Mobile Streams plc +1 347 669 9068
Simon Buckingham, Chief Executive
Officer
Enrique Benasso, Chief Financial
Officer
Nplus1 Singer Advisory LLP
Nominated Adviser and Broker +44 (0)20 7496 3000
Alex Price
Alex Laughton-Scott
This information is provided by RNS
The company news service from the London Stock Exchange
END
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