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News and Announcements

Crowd Mobile to Launch into South Africa

  • Published October 06, 2015 12:10PM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

6th October 2015, ASX Announcement

Crowd Mobile Limited (ASX: CM8 &  FWB-XETRA: CM3) is pleased to announce that it has continued its global rollout, executing a supply agreement to launch Crowd Mobile services into South Africa. This is the Company’s first foray into the African continent, which represents a significant growth opportunity for the Crowd Mobile business going forward.

Commenting on Crowd Mobile’s  launch, Chief Executive Officer Domenic Carosa said:

“We are very excited to be entering the South African market. South Africa has a population of over 50 million people, with a smartphone penetration rate of 40%, representing a substantial growth opportunity for Crowd Mobile.”

“This agreement marks the first step of further expansion by Crowd Mobile into the African region and is therefore a very significant milestone for the Company and its geographic rollout.”

To read the full announcement, please click here

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