major european deal

Major European deal to boost revenues

24 million Tele2 customers will have access to SkyNetGlobal’s wireless hotspots
following major roaming agreement signed by Trustive
SYDNEY 29th June 2004, SkyNetGlobal (ASX: SKG), today announced that its European network partner, Trustive has signed a major roaming agreement with Tele2, the Stockholm based leading pan-European low cost telecom operator, providing its 24 million customers in 23 countries with access to SkyNetGlobal’s wireless hotspots in Singapore.
SkyNetGlobal CEO Jonathan Soon said: “The Tele2 deal is great news for SkyNetGlobal.
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This is a great deal for SKG, the potential revenue from this deal is massive.

when you consider the amount of traffic that goes through all of McDonald’s restaurants in Singapore and that SkyNetGlobal will receive every dollar generated on the network over the next two years.
In short, anyone who wants to use the network must pay SKG during this period. This includes all local major carriers, other domestic WiFi players and all international roaming partners.

For anyone with that has an investment horizon longer than a day, this is a good buy !!