Route Mobile Limited (“Route Mobile“), a leading global cloud- communication platform service provider is expanding its operations by opening new offices in Sri Lanka, Nepal, Bangladesh, and Uganda. Route Mobile’s experience in offering range of communication services to businesses will enable it to tap into these markets.
The surge of modernization in the telecom sector in all these regions has substantially opened up avenues for businesses and investments, offering a steady upward growth and making these countries lucrative business hotspots open to innovative solutions.
Speaking about these new centers, Rajdip Kumar Gupta, Managing Director & Group Chief Executive Officer, Route Mobile Limited said, “These offices are strategically positioned to help foray and reinforce the Route Mobiles’ presence in the local and global markets. These newly opened offices serve well the Route Mobiles’ vision of connecting the world through mobile technology, helping customers, partners and employees prosper locally and globally. This move is in alignment with the Route Mobiles’ strategic growth plan and gaining market prominence in these regions.“
In the Indian subcontinent, the telecom sector has immense potential for business opportunities; there is a young customer base with an increasing demand, and governments offer business-friendly policies, making countries like Sri Lanka, Nepal and Bangladesh viable business destinations. Thus, an improved presence in the subcontinent will facilitate Route Mobile’s market penetration in these countries.
Uganda too offers a competitive and fast-growing telecom market in Africa, due to their sweeping reforms that have reduced barriers to market entry and made international investment easier.
About Route Mobile Limited
Established in 2004, Route Mobile Limited is a leading cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). The portfolio comprises of smart solutions in messaging, voice, email, SMS filtering, analytics and monetization. Route Mobile Limited offers a range of cloud-communication services to clients across diverse sectors including banking and financial services, aviation, retail, e-commerce, logistics, healthcare, hospitality, media and entertainment, pharmaceuticals and telecom.
Route Mobile Limited is headquartered in Mumbai, India with a global presence in Asia Pacific, Middle East, Africa, Europe and North America.
Route Mobile Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, an initial public offering of its equity shares and has filed a Draft Red Herring Prospectus with Securities and Exchange Board of India (“SEBI”). The Draft Red Herring Prospectus is available on the website of SEBI at www.sebi.gov.in, BSE at www.bseindia.com, NSE at www.nseindia.com and BRLMs at www.motilaloswalgroup.com, www.idbicapital.com and www.yesinvest.in, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details refer to the Draft Red Herring Prospectus, including the section titled “Risk Factors”.
The Equity Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (“Securities Act”) or any state securities laws in the United States and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) in the United States only to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act, “Rule 144A”) in reliance on the exemption from registration requirements of the Securities Act provided by Rule 144A, and (ii) outside the United States in offshore transactions in reliance on Regulation S under the Securities Act. Prospective purchasers are hereby notified that the seller of the Equity Shares may be relying on the exemption from the registration requirements of the Securities Act provided by Rule 144A. There will be no public offering of the Equity Shares in the United States.
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