Plintron, World's Largest Multi-Country MVNE/A leader forays into China Telecom Market with 400mn Yuan (US$60mn) investment

16th March 2016, Singapore.

Plintron, a global leader in Cloud Communications Solutions, today announced its major expansion plan into the Asia Pacific region focused on China.

The Mobile Virtual Network Operators (MVNO) licenses in China were awarded for the first time in 2014 with the twin objectives to increase investments and to drive prices down especially in the rural areas. Since the award of the licenses, the MVNO market has already seen a rapid rise to 20 million customers from 2 million during 2015, showcasing 10X growth. With China having the world's largest mobile subscribers' base, China has further demonstrated their leadership mantle compared with high potential telecom markets by opening up MVNO business and has realized immediate success.

Mohan Kumar Sundaram, Co-Founder and Chairman, Plintron said "Following our resounding success in Hong Kong and Australia, we are delighted to expand our MVNA Offering (Cloud Communication Solutions) to China. As an industry pioneer, our investment of 400 Million Yuan on Cloud Communication Technology will help revolutionize the MVNO market in China"

With investments towards setting up world class telecom infrastructure, Plintron would accelerate the China's vision of increased rural penetration at affordable price points. Plintron has proven success with their MVNE/A services in 15+ European countries. As a proven MVNA partner, Plintron has been instrumental in launching China Telecom as an MVNO across the USA. These accomplishments demonstrate Plintron's ability to expedite the successful roll-out of multiple MVNOs targeting numerous niche market segments.

"Armed with cutting edge telecom solutions, Plintron's MVNA offering empowers our MVNO partners to focus solely on onboarding subscribers. With our end to end capability, we believe we are poised to garner significant market share in the Chinese MVNO market by 2020." Subhashree Radhakrishnan, Co-Founder & Vice Chairman, added.

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