Asia
In February 2016, Starlogik commenced a trial with a leading Asian telco on a production server inside a network of 4 million subscribers. Due to an improvement in the process, in December, the service has been growing at 30% month over month without any marketing. The telco is on track to expand the pilot to reach 15 million subscribers in May 2017 with the expectation to complete the rollout to a network of 85 million subscribers by October 2017.
Africa
In June 2016, Starlogik entered into an agreement with a boutique advisory group focused on African private equity transactions. Over the past 6 months they have been working to establish Star commercial opportunities in Africa. They expect to finalise their first such opportunity by June 2017, which deploys the Star solution on a network of 35 million subscribers.
LGO Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
