Syntonic Ltd (ASX:SYT) has signed a development agreement with Bridge Mobile Pte Ltd to advance its white-labelled customised version of the Syntonic International Roaming Service for Bridge to sub-licence to carrier members.
Bridge Mobile is a leading mobile consortium of tier-1 mobile carriers operating in 34 countries across the Asia Pacific, Middle East and Africa serving more than 800 million subscribers.
Under the terms of the agreement, Bridge will compensate Syntonic for all engineering and support costs associated with the Bridge branded service.
“Another major step forward for Syntonic”
Syntonic managing director and CEO Gary Greenbaum said: “Entering into this partnership with the Bridge Alliance represents another major step for Syntonic as it helps us to monetise our revenue generation platform with tier-1 carriers located across the globe.
“We see this partnership as another strong endorsement of our unique mobile offering.”
Formed in Seattle by a team of high-tech veterans in mobile computing, Syntonic’s international roaming service enables mobile carriers to capture new revenue streams from the US$676 billion generated by online travel transactions.
Convenient data-free mobile access
The service offers data-free mobile access to online travel services paid for by app affiliation fees and transaction commissions from consumer purchases as well as providing a convenient way for travellers to purchase data roaming packages and micro-data plans to premium apps.
It also enables travel app providers such as Expedia, Tripadvisor, Uber and Ticketmaster to capture lost transactional opportunities from travellers who turn off their expensive cellular data connection when roaming internationally.