- Flexiroam Limited (FRX) signs commercial agreement with New York based company, Global Wireless Telecom to become a reseller of Flexiroam data
- Under the agreement, Flexiroam’s data will be resold to its customers travelling internationally, with a focus on the China business market
- Launching in January 2022, the contract has an initial term of five years, which will be automatically renewed for another 12 months and will provide up to $600,000 of revenue
- The company says the white labelled product will see Global Wireless build on its own brand powered by Flexiroam’s network
- Flexiroam shares are in the green, up 4.6 per cent to trade at 4.5 cents at 12:22 pm AEDT
Flexiroam Limited (FRX) signs a commercial agreement with New York-based company, Global Wireless Telecom to be a reseller of Flexiroam data.
Under the agreement, Flexiroam’s data will be resold to its customers travelling internationally, with a focus on the China business market.
The contract has an initial term of five years, which will be automatically renewed for another 12 months unless terminated by either party.
The partnership will be launched during January 2022 and is anticipated to provide up to $600,000 of revenue to Flexiroam in the 2022 calendar year, based on Global Wireless’ expectations for international travel.
The company says the white-labelled product will see Global Wireless build on its own brand powered by Flexiroam’s network, which will provide guaranteed stable coverage for travellers.
Flexiroam chief executive officer, Marc Bennett, explained.
“Having expanded our sales team in recent quarters, we have been executing on white label opportunities globally, and the agreement with Global Wireless Telecom marks our first white label agreement with a US based reseller,” he said.
“We have a strong pipeline of global opportunities and are well positioned to continue rolling out white labelled connectivity solutions, across various verticals.”
Flexiroam shares are in the green, up 4.6 per cent to trade at 4.5 cents at 12:22 pm AEDT.