They do mention TATA; however, they definitely seem to place a lot more emphasis on the Verizon deal.
FY17 has been a pivotal year for Syntonic, having signed agreements with two of the world’s largest telecommunication providers, Verizon Wireless and Tata Communications, to license the Syntonic platform services.
The majority of FY17 revenue was generated by licensing royalties for the use of Syntonic’s platform technologies that includes the Connected Services Platform™ (“CSP”) and the Freeway SDK (‘software development kit’). The cornerstone agreement in FY17 was the deal reached with Verizon Wireless, the largest carrier in the U.S. Verizon was granted a non-exclusive license and sublicense right to deploy the Syntonic platform services to enable data-free and sponsored content services for its 100+ million subscribers. This agreement has resulted in generating monthly recurring revenue for the Company.
SYT Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held