Syntonic Limited Signs Agreement with Thang Long Event Limited to Launch the Freeway Service in Vietnam
January 11, 2019 at 04:24 am IST
Syntonic Limited announced that it has executed a Freeway reseller agreement with Thang Long Event Limited. The agreement allows TLC to sublicense the Freeway platform to MobiFone Telecommunications Corporation as a white-labelled Freeway service that will be branded mobifoneGo. MobiFone will initially deploy Freeway's Overpass service, enabling its subscribers to purchase content subscriptions with unlimited data access. The engineering and testing phases have commenced and commercial launch of mobifoneGo is expected in early fourth quarter of 2019. Under the three-year, non-exclusive agreement, Syntonic will generate revenue from professional service fees and a revenue share arrangement for revenues received through mobifoneGo app package sales, commissions received on data package sales, wholesale data sales, affiliate fees, advertising and support fees. Syntonic is responsible for customised product development; Tier 2 and Tier 3 technical support; and integration of the Syntonic Freeway service with MobiFone's billing system. Tier 1 customer support, hosting, marketing, and customer acquisitions costs are the responsibility of the local partner.