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ISRAEL'S VRINGO EXPANDS IN TURKEY
Israel 21C
http://www.israel21c.org/201007278196/briefs/israels-vringo-expands-in-turkey
July 27 2010
Israeli company Vringo, a video ringtone and personalization solutions
developer, announced that it's expanding its activity in Turkey.
Vringo is the most recent Israeli company to list on Wall Street.
The announcement came a day before the National Security Council
Counter-Terrorism Bureau cancelled its travel warning for Israelis
in Turkey. The country was a highly-popular vacation destination for
Israelis prior to the flotilla incident about two months ago, when
the Turkish passenger ship Mavi Marmara attempted to break Israel's
naval blockade on Gaza, leading to a violent confrontation, injuries
and deaths.
Vringo has signed an agreement with Turkey's leading mobile content
services provider Retromedya to expand Vringo's billing coverage in
the Turkish mobile market. The agreement will expand Vringo's service
to an additional 52 million Turkish mobile subscribers.
Vringo, founded by CEO Jon Medved, went public on the American Stock
Exchange a month ago. The company raised $11 million at a company
value of $23 million.
Israel's financial daily Globes reports that Vringo also has a
cooperation agreement with Malaysian carrier Maxis, which has 11.4
million subscribers, 34,000 of whom pay for Vringo's services and
Armenian carrier Vivacell, with two million subscribers, none of whom
yet pay for Vringo's services.
On July 21, Vringo announced that RTL Belgium was marketing the launch
of its mobile personalization platform, bringing Vringo technology
to nearly all of the country's 11 million mobile subscribers.
From: A. Papazian
Israel 21C
http://www.israel21c.org/201007278196/briefs/israels-vringo-expands-in-turkey
July 27 2010
Israeli company Vringo, a video ringtone and personalization solutions
developer, announced that it's expanding its activity in Turkey.
Vringo is the most recent Israeli company to list on Wall Street.
The announcement came a day before the National Security Council
Counter-Terrorism Bureau cancelled its travel warning for Israelis
in Turkey. The country was a highly-popular vacation destination for
Israelis prior to the flotilla incident about two months ago, when
the Turkish passenger ship Mavi Marmara attempted to break Israel's
naval blockade on Gaza, leading to a violent confrontation, injuries
and deaths.
Vringo has signed an agreement with Turkey's leading mobile content
services provider Retromedya to expand Vringo's billing coverage in
the Turkish mobile market. The agreement will expand Vringo's service
to an additional 52 million Turkish mobile subscribers.
Vringo, founded by CEO Jon Medved, went public on the American Stock
Exchange a month ago. The company raised $11 million at a company
value of $23 million.
Israel's financial daily Globes reports that Vringo also has a
cooperation agreement with Malaysian carrier Maxis, which has 11.4
million subscribers, 34,000 of whom pay for Vringo's services and
Armenian carrier Vivacell, with two million subscribers, none of whom
yet pay for Vringo's services.
On July 21, Vringo announced that RTL Belgium was marketing the launch
of its mobile personalization platform, bringing Vringo technology
to nearly all of the country's 11 million mobile subscribers.
From: A. Papazian