GlobeX Data Ltd. said it has signed agreement for a distribution deal in Sri Lanka with Dialog Broadband Networks (Private) Limited, part of Sri Lanka based Dialog Axiata PLC, itself part of Malaysia-based telecom giant Axiata Group Berhad.
Dialog Axiata PLC, is one of Sri Lanka’s largest telecommunications service providers, and the country’s largest mobile network operator with 14.9 million subscribers which amounts to 57% of the Sri Lankan mobile market.
Alain Ghiai, CEO of GlobeX Data said: "We are very happy to have signed this distribution agreement with Dialog Axiata’s, Dialog Broadband Networks. It is groundbreaking as Axiata is a telecom giant serving the Indo-Pacific, Asian and ASEAN regions of the globe. This is the region where commerce is growing the most in the coming decade and GlobeX is now ready to serve customers in the entire region, through its partnership with Dialog Axiata first, and eventually as we grow in Sri Lanka, growing to other countries of the Axiata Group."
The GlobeX Data CEO added: "As this is our second telecom operator we are signing up, after Latin America’s América Móvil, we are now on a path to work with leading telecom operators globally. The Dialog Axiata agreement plots the course for continued growth in the fastest growing Emerging Markets, as we push our leading Internet privacy and secure communications platform Sekur. As we are not connected, and never have been connected, to AWS, Microsoft Azure or Google Cloud platforms, commonly referred to as ‘Big Tech’, we can offer a truly independent, private and secure means of communications through secure messaging, secure voice record transfer and secure email and secure video conferencing, through our proprietary technology and our secure servers based in Switzerland."
"With the latest SolarWinds hack of Microsoft Exchange platform and other platforms associated with it, and the new WhatsApp rules to share all users’ data with Facebook, we have seen a surge in demand and inquiries for our secure and private communications solutions. Security and privacy are becoming a global concern, and we are looking forward to provide Swiss privacy and protection to all users of the Dialog Axiata group of companies," Ghiai concluded.
The terms of the distribution agreement are based on a revenue-share model where all sales revenues are shared among the telecom operator and the company. Both the company and the telecom operators sign strict non-disclosure agreements and details of the terms need to remain confidential.
The term of the distribution agreement is set for one year, commencing on the effective date of the signed agreement and may thereafter be automatically renewed on a yearly basis unless, under the same renewal terms basis unless terminated by either party with 60 days written notice before termination. If either party breaches a material provision of this agreement, the other party may immediately terminate this agreement upon written notice to the other party.
Source: http://www.colombopage.com/archive_21A/May14_1620931516CH.php