Seamless (OMX: SEAM) has received a new order from a leading African mobile
operator in the Ivory Coast for the installation of its transaction switch. The
order is initially valued at approximately USD 2 million.
Seamless transaction switch has been a key component for international telecom
companies since the first installation some 15 years ago. The product mix
develops continuously and today Seamless provides telecom companies with the
complete IT- and logistical supply chain for mobile payments. Seamless clients
are found all over the world with the majority in Africa, the Middle-East and
South America. The new order comes from a new customer and country and Seamless
thereby adds a new operator in West Africa. The operator is a leader in its
market with close to 10 million subscribers.
“We are proud and happy to be able to communicate that our core business
continues to grow with this record deal, in a new market for us. This once again
proves that we have a strong position in the market and are continuing to grow
both in Africa as a market and within telecom as an industry”, says Peter
Fredell, CEO of Seamless.
The order gives the subsidiary Seamless Distribution Systems AB, where the
transaction switch resides, a flying start in 2016. The order is initially
valued at approximately $2 million and reinforces Seamless’ position within the
fast-growing African markets.
The solution will enable the operator to control and manage the distribution of
the airtime and data recharge, from the network and all the way to the
subscriber, both from a technical and from a financial point of view.
About Seamless
Seamless is one of the world’s largest suppliers of payment systems for mobile
phones. Founded in 2001 and active in 35 countries, Seamless handles more than
3,7 billion transactions annually through 575 000 active sales outlets. Seamless
has three main business areas including the transaction switch, the technology
provider for the distribution of e-products and the mobile payment platform
SEQR. www.seamless.se
This is the type of information that Seamless Distribution AB (publ) is required
to disclose pursuant to the Securities Market Act and/or the Financial
Instruments Trading Act. The information was submitted for publication on
February 9, 2016 at 08:50 a.m. (CET).
Media contact Seamless:
Cecilia Albright Cecilia.albright@seqr.com +46 (0)707-431345
Peter Fredell peter.fredell@seamless.se +46 8 564 878 00
