Swarmio Media (CSE: SWRM) continues to expand its distribution as a result of a partnership agreement entered into with TM Wholesale. The firm announced this morning that it will be entering the African continent for the first time, deploying its tech across Tunisia.
The firm has reportedly entered into a commercial agreement with Ooredoo Tunisia, a subsidiary of the larger Ooredoo Group, which is one of the largest telecom operators globally. The arrangement will see the launch of Swarmio’s Ember platform within the country, which is to be white-labeled under the banned of Ooredoo EZ.
The platform, which enables the 7.5 million customers of Ooredoo Tunisia to access a subscription-based gaming and esports service, will provide access to tournaments, exclusive game content, and managed communities. Ooredoo has agreed to extensively market the launch of the platform, with the two entities agreeing to split revenues from monthly subscription fees and in game content sold on the platform.
“Every day we’re seeing the growing power and potential of gaming and esports and are immensely excited to be partnering with proven specialists, Swarmio Media, to bring dynamic new gaming experiences to our Tunisian customers,” commented Sunil Mishra, Chief Marketing Officer of Ooredoo Tunisia.
Ooredoo Tunisia is currently the largest telecom within the country, servicing well over half of the countries population of 11.8 million. Gamers within the country are said to amount to 5.3 million, which is growing at 6.7% per year.
Swarmio Media last traded at 0.11 on the CSE.
FULL DISCLOSURE: Swarmio Media is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Swarmio Media on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.