Nokia Distribution Agreement
October 18 2007 03:41
Age: 3 yrs
Category: RNS Nokia distribution agreement for Vyke mobile VoIP service
Company: Vyke Communications PLC TIDM: VYKE Headline: Nokia Distribution Agreement Released: 07:01 18-Oct-07 Number: 8961F
RNS Number: 8961F Vyke Communications PLC 18 October 2007
Vyke Communications plc (the "Company")
Nokia distribution agreement for Vyke mobile VoIP service
Vyke Communications plc (AIM: VYKE) is pleased to announce that its wholly-owned subsidiary, Vyke AS, has signed a global agreement with Nokia Corporation to distribute Vyke's mobile Voice over Internet Protocol ("VoIP") service, Mobile IP.
Under the terms of the agreement, Vyke has licensed Nokia to distribute the mobile handset software component of the Vyke Mobile IP service. New users acquired via the Nokia on-device content portal 'Download!' will automatically be directed to Vyke's end user communications portal, www.vyke.com and have accounts created simply within the Vyke system.
Nokia and Vyke have identified selected European markets for the initial launch of the distribution channel made available under this agreement.
New users signing up for Vyke's Mobile IP service via Nokia Download! will be awarded $1 of free Vyke calling credit. As calling North America and Western European fixed lines is only charged at c4 per call (-2p) with no per minute charges, Vyke's introductory offer potentially provides tens of hours of free international calling from the mobile phone.
Tommy Jensen, Executive Chairman of Vyke stated that: "This agreement is a fantastic step forward for Vyke and its shareholders as it provides a significant new distribution channel. Elements of Vyke's Mobile IP service were originally developed in co-operation with Forum Nokia PRO and we are very pleased to expand upon that relationship through this distribution agreement."
For further information please contact:
Vyke Communications plc
Tommy Jensen, Executive Chairman
+47 67 82 73 60
Malcolm Bacchus, CFO
+44 (0)207 732 3666
Daniel Stewart
+44 (0)207 776 6550
Graham Webster/Lindsay Mair
Threadneedle Communications
+44 (0)207 936 9605
Graham Herring/Josh Royston
About VYKE Vyke Communications plc is the leading mobile Voice over Internet Protocol ("VoIP") service provider and is headquartered in the UK with subsidiaries and offices in Norway, USA, Iceland and Malaysia. The strategic goal of Vyke is to combine its expertise in VoIP-based communication systems, mobile data service creation/handset technology and wholesale carrier network management to provide a converged communication solution. Vyke's current set of mobile-oriented products offers up to a 95% discount compared to current typical mobile operator pricing structures.
About VYKE MOBILE IP Vyke Mobile IP is the leading mobile-oriented Voice over IP (VoIP) service offering users up to 95% discount compared to typical mobile operator pricing structures. One of the first mass market mobile VoIP services, launched in April of 2006, Vyke Mobile IP features mobile oriented sign-up steps, automatic configuration services and pricing.
About the VYKE product suite The Vyke suite of communication products features advanced services providing users with low cost, mobile operator / fixed line provider independent ways of making voice calls and sending text messaging from the mobile phone, PC and internet. Over 1 million active paid usage accounts have been created within the Vyke product suite.
