CitronGO contract with multi mm sub MNOJanuary 27, 2010
FOR IMMEDIATE RELEASE
27 January 2010
CITRONGO! CONTRACT WITH A
SUBSCRIBERS MOBILE NETWORK OPERATOR
Globo plc ("Globo" or "the Group"; LSE-AIM: GBO), the international IT, S.a.a.S
and mobile solutions group, is delighted to announce that it has entered into a
contract for the provision of its mobile CitronGO! suite to one of the largest
mobile network operators (the "Network Operator") in South East Asia, with
approximately 85 million subscribers.
CitronGO! is expected to be launched later this
month. Globo will provide
CitronGO! as Software as a Service (S.a.a.S) and will
receive a net monthly
fee of €1.20 to
on subscription plan) per customer
that subscribes to CitronGO!.
CitronGO! will be marketed by the Network
Operator through a number of channels, including targeted SMS messaging to its
base of users with mobile internet subscriptions as well as to
its general subscriber base via its Interactive Voice Response platform.
Further marketing initiatives are anticipated.
Initial revenue generation is expected to
commence during the first half of the current year with a progressive build-up
as the year progresses and beyond.
The contract is for an initial two year
period with automatic renewal
Costis Papadimitrakopoulos, CEO,
"We are delighted to
announce our first major contract for CitronGO!
with one of the largest mobile
network operators in South
"This contract sets a
major starting point for Globo’s international expansion. Furthermore it
represents a significant and independent validation of
our product offering at a time when the group
is engaged in ongoing negotiations with mobile network operators in several
countries worldwide. We look forward to reporting
Note to editors:
redefines mobility in communication and is an open, ‘cloud’, mobile
communications platform solution which enables users to interact with multiple
services including e-mail, contacts, calendar and social networking at any time,
any place and using any connected device.
CitronGO! has been developed from Globo’s
existing e-business, communications and SaaS proprietary technologies. The key
- All applications integrated onto a single
screen – including social networking sites;
- Synchronises data over the air (OTA) to
– push email, contacts,
calendars supporting all major providers
– instant messaging (supporting
the major I.M. providers)
and folders web storage ‘cloud’
networking accounts (supporting the major social
Costis Papadimitrakopoulos, CEO
Dimitris Gryparis, Finance Director
NCB Stockbrokers Limited (Nomad)
Christopher Caldwell or Barclay Clibborn
Astaire Securities Plc (Joint Broker)
Daniel Stewart & Company Plc (Joint Broker)
Steve Liebmann, Simon Bloomfield or Andy Harris
GLOBO plc was admitted to AIM in December 2007.
Founded in 1997 by Konstantinos Papadimitrakopoulos and headquartered in
Halandri (a suburb of Athens),
Globo has established itself as one of the market leaders in the Greek ICT
market. It provides e-business and telecom software products and related
services to the private and governmental sectors in Greece as
well as developing and operating broadband wired and wireless networks. It has
developed to become one of the largest e-business software and SaaS. vendors in Greece.
More recently, the Group has formed a new business unit, Globo Mobile, to
deliver its mobile communications strategy. For further information please go