Global Telecoms Deal

RNS Number : 8389M

Bango PLC

14 May 2020

 

May 14, 2020

BANGO PLC

("Bango")

Bango signs three-year platform deal with leading global telecoms provider

Cambridge, UK, 14 May 2020 - Bango (AIM: BGO), the mobile commerce company, is pleased to announce that it has signed a significant, multi-year platform agreement with a major global telecoms provider.

The deal is for an initial period of three-years and is worth, in aggregate, at least £1.5M to Bango, with opportunity for Bango to earn additional revenues over this three-year period. Under the agreement, the telecoms provider will deliver a range of third-party products and services to its customers through the Bango Platform and will benefit from Bango data insights to optimize the targeting of product offers.

This agreement, which began to take shape in 2019, is the second deal referred to in the Trading Update issued on 31 December 2019. The first, announced on April 3, 2020, wasthe data partnership with NHN.

ENDS

Contact Details:

Bango PLC	FTI Consulting	finnCap
Tel. [phone]	Tel. [phone]	Tel. [phone]
Ray Anderson, Exec Chair	Rob Mindell	Marc Milmo
Paul Larbey, CEO Carolyn Rand, CFO Anil Malhotra, CMO	Darius Alexander Leah Dudley	James Thompson Matthew Radley

About Bango

App developers, stores and payment providers cross the threshold into the Bango ecosystem to converge, grow and thrive. By bringing businesses together and powering e-commerce with unique data-driven insights, Bango delivers new business opportunities and new dimensions of growth for customers around the world. Being inside the Bango circle means global merchants including Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG) and Microsoft (NASDAQ: MSFT) can work together with payment partners from Africa to the Americas, accelerating the performance of everyone on the inside.

Bango. Think inside the circle. For more information, visit www.bango.com

 

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