Syntonic’s Revenue Generation Platform set to power mobifoneGo service in Vietnam

Syntonic ASX SYT Vietnam mobifoneGo
The commercial launch of Syntonic’s Revenue Generation Platform incorporates the company's recently acquired mobile commerce technologies.

Seattle-based Syntonic (ASX: SYT) has announced the first commercial deployment of its Revenue Generation Platform which will power MobiFone Telecommunications Corporation’s (MobiFone) new mobifoneGo service in Vietnam.

MobiFone is currently one of the largest mobile networks in Vietnam with a market share greater than 30%, equating to approximately 50 million subscribers.

The launch of mobifoneGo, which marks the first deployment of Syntonic’s Revenue Generation Platform, will see consumers offered unlimited access to popular apps such as WhatsApp, Gmail, Skype and Spotify for a fixed daily or monthly fee without drawing down on their data plan.

MobifoneGo is also a one-stop-shop of services, offering mobile advertising, content monetisation and mobile commerce services.

Syntonic informed the market that the mobifoneGo app was ready to use, with the app available for download from the Google Play Store and soon on the App Store.

Syntonic chief executive officer and managing director Gary Greenaum said the launch of mobifoneGo was a great endorsement of its end-to-end white-labelled solution.

“Mobifone will leverage our entire Revenue Generation Platform, including our new direct billing capabilities which make it easy and convenient for customers to purchase mobifoneGo app bundles using funds available in their carrier account,” he said.

“The launch of mobifoneGo represents the second commercialisation of our technologies with a tier one carrier in South East Asia, demonstrating our growing global commercial footprint with more deployments to follow.”

MobiFone

Established in 1993, MobiFone was the first mobile network operator in Vietnam.

The company provides a diverse range of services including mobile, data, Internet, IPTV/cable TV, business solutions, infocomm technology and investment.

Syntonic said MobiFone had deployed its Revenue Generation Platform via its reseller agreement with Thang Long Event under a three-year, non-exclusive agreement.

The agreement will generate revenue for Syntonic through professional service fees and a revenue share arrangement for mobifoneGo app package sales, commissions received on data package sales, wholesale data sales, affiliate fees, advertising and support fees.

Syntonic said the mobifineGo launch validated its recent mobile commerce technology acquisition.

The company recently shouldered into the Asia Pacific, Middle East and Africa under a new collaboration with Bridge Alliance, paving the way for Syntonic to develop a white-labelled and customised version of its International Roaming Service.

Syntonic shares were unchanged at $0.011 in morning trade.

Lauren has more than six years’ experience as a business journalist and editor in Australia and Southeast Asia. With specialist knowledge of the resources sector, including oil and gas, she has covered publicly listed companies of all sizes. Lauren has reported across a range of industries including mining and property.