Sign up Australia
Proactive Investors - Run By Investors For Investors

Syntonic to launch its sponsored mobile data services in Turkey

Turkey is home to the 2nd largest smartphone market in Central and Eastern Europe.
a young man using a mobile phone on the subway
Targeting 18 - 34 demographic

Syntonic Ltd (ASX:SYT) has partnered with AKTAY A.S. for the distribution of its “Freeway Overpass” mobile data services in Turkey.

Freeway Overpass is a cross-carrier, over-the-top (OTT) subscription service that offers unlimited mobile access for popular mobile content and applications.

Seattle based Syntonic offers sponsored data to mobile subscribers by letting content providers pay for data on behalf of customers.

Aktay is a value-added telecommunications service provider in Turkey, which is home to the 2nd largest smartphone market in Central and Eastern Europe.

The Turkish company has already partnered with leading regional carriers like Turkcell and Vodafone Turkey, thereby having access to 75% of the market.

The mobile market in Turkey is highly appealing to Syntonic as 73% of the Freeway Overpass target demographic of 18 - 34 year-olds own a smartphone capable of supporting the Freeway service.

Aktay will be responsible for local carrier integration, customer support, consumer marketing, and local content procurement to rapidly build out a scalable and recurring Freeway business in Turkey.

Earlier this year, Syntonic had launched its Freeway Overpass on both Apple App Store and Google Play Store.

The service saves consumers’ money by giving them the flexibility to choose unlimited access for specific apps and content.

Syntonic’s shares closed 12% higher on Monday, at $0.028.

View full SYT profile View Profile

Syntonic Ltd Timeline

Newswire
November 14 2016

Related Articles

Flow chart of the Hazer Process
March 21 2018
The Hazer Process could disrupt the $100 billion hydrogen production market.
picture of truck
October 25 2017
AMP acquired Billingtons from Drax for £2mln. Of that, £1.6mln is being paid in shares to give the power station operator just over a 4% stake
9 Spokes smart phone screen
April 03 2018
The onboarding rate of small business onto the platform continues to accelerate as banking partners adoption increases.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use