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PTRO Pelatro Plc

1.02
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pelatro Plc LSE:PTRO London Ordinary Share GB00BYXH8F66 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.02 0.80 1.20 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Pelatro PLC Pelatro provide Marketing Solution to PrimeTel (5958F)

30/10/2018 7:00am

UK Regulatory


Pelatro (LSE:PTRO)
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TIDMPTRO

RNS Number : 5958F

Pelatro PLC

30 October 2018

30 October 2018

Pelatro Plc

("Pelatro", the "Company" or the "Group")

Pelatro selected to provide mViva Contextual Marketing Solution to PrimeTel of Cyprus

Pelatro Plc (AIM: PTRO), the global Multichannel Marketing Hub software specialist, is pleased to announce that it has been selected by PrimeTel to supply its mViva Contextual Marketing Solution. PrimeTel is one of the leading and fastest growing Telecom providers in Cyprus and has approximately 200,000 subscribers. The terms of the contract provide a fixed fee every month and a share of the incremental revenue generated. Following this contract win, and the recent agreement with Grameenphone, the Company now has $3.3m revenue contracted for the financial year 2019.

After the addition of PrimeTel, Pelatro's mViva Contextual Marketing Solution, which is part of its Multichannel Marketing Hub offering will be used by more than a dozen telcos.

PrimeTel operates its own private 4G Mobile Network and the largest privately owned fibre-optic network in Cyprus, offering a variety of complete communication solutions to personal, business and wholesale customers. Meanwhile, the company's high-performance international network spans across Germany, Greece, Russia and the United Kingdom providing network connectivity, data communications and IP-based services.

Regarding this cooperation, Theodosis Theodosiou, Chief Commercial Officer of PrimeTel Plc said:

"We trust that Pelatro's Contextual Marketing Solution will help us strengthen our customer-centric approach, increasing customer engagement and enhancing customer experience".

Commenting on this contract win, Subash Menon, Managing Director of Pelatro Plc said:

"We are delighted to have secured this contract win for our mViva Contextual Marketing Solution and look forward to working closely with PrimeTel. Expanding further into Europe is a key element of our near-term strategy, so this latest news is a positive development for Pelatro as we continue our expansion."

For further information contact:

 
 Pelatro Plc 
 Subash Menon, Managing Director & CEO                    c/o IFC 
 Nic Hellyer, Finance Director 
 
 finnCap Limited (Nominated Adviser and 
  Broker)                                     +44 (0)20 7220 0500 
 Carl Holmes/Kate Bannatyne/Matthew Radley 
 
 IFC Advisory Limited (Financial PR and 
  IR)                                         +44 (0)20 3934 6630 
 Tim Metcalfe/Miles Nolan/Zach Cohen 
 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

Notes to editors

The Pelatro Group was founded in March 2013 by Subash Menon and Sudeesh Yezhuvath with the objective of offering specialised, enterprise class software solutions for customer engagement principally to telcos who face a series of challenges including market maturity, saturation and customer churn.

Pelatro provides its "mViva" platform for use by customers in B2C applications, and is well positioned in the Multichannel Marketing Hub space (MMH) - this is technology that orchestrates a customer's communications and offers to customer segments across multiple channels to include websites, social media, apps, SMS, USSD and others.

Pelatro is expanding by a mix of organic and acquisition led growth. In August 2018 the Company completed the acquisition of certain assets of Danateq Pte Ltd (Danateq). This acquisition doubles the subscriber base to 325 million and brings immediate entry into Central Europe as well as a large recurring revenue base.

For more information about Pelatro, visit www.pelatro.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

October 30, 2018 03:00 ET (07:00 GMT)

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