SyQic Trading Well, Launches Myanmar Services And Inks Hong Kong Deal

LONDON (Alliance News) – SyQic PLC said Wednesday that its core Telco business remains strong, and its Yoomob mobile streaming service posted revenue of about GBP7.6 million in the nine months to end-September, compared with GBP4.7 million for the whole of calendar 2013.

The company also announced that it has launched mobile services in Myanmar through an agreement with Blue Ocean Operations Management. Under the deal some of its audio and video content will be made available in Myanmar through the Telenor and Ooredoo networks under its Yoomob brand.

It has also signed a deal with Catalyst Gaming Corp Ltd, a Hong Kong based gaming provider, to provide bingo software products and additional gaming content on an exclusive gaming channel.

“The core business continues to perform strongly but we continue to look for new markets and new opportunities to drive the business forward,” said Chief Executive Jamal Hassim in a statement. “We are also very pleased to be launching a social gaming channel through our agreement with Catalyst and anticipate that this will be well received by our growing global user base.”

The company added that its major Indonesian telecommunications customer PT Nextnation Prisma’s payments are not subject to a payment plan for 2014, and are being paid “much more promptly going forward.” SyQic expects payments for March and April 2015 to be paid by PT Nextnation Prisma before the end of 2014.

Source: Alliance News

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