Eniro signs agreement with a leading international telecom

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Feb 26, 2014 at 11:15 AM

Eniro signs agreement with a leading international telecom operator

Eniro is broadening the company’s revenue base and signing a franchise agreement with a leading international telecom operator. Through the agreement, Eniro is taking a step toward offering the opportunity to license Eniro’s local search platform to external partners that are active in other geographic markets. The agreement will give Eniro a going-rate franchise fee. A decisive precondition for Eniro’s development into a fully digital media company has been the creation of the company’s platform, which aggregates, organizes, filters and distributes local data for all digital services, regardless of the user’s type of screen. The platform has been implemented in all of Eniro’s markets and is a precondition for the scalability of Eniro’s business model. In an effort to broaden Eniro’s revenue base, the subsidiary Eniro Global has been formed with the mission of entering into franchise agreements with partners interested in conducting their own local search services based on Eniro’s concept. Eniro provides the platform and takes responsibility for development and maintenance of this in pace with the further development of Eniro’s own service offering. The agreement partner is responsible for the database of local content (company information, personal information, map information, etc.) and sales resources. The first such agreement has been entered into with a leading international telecom operator with operations in the Middle East, Africa and Asia. The agreement covers the launch of the service in the operator’s home market, with the intention to launch the service in the other markets where the company has operations. Johan Lindgren, President and CEO of Eniro, comments: “We are extremely proud to have won this assignment. It confirms the success that we have achieved in our shift to a fully digital company and that we are regarded as a leader in our industry also internationally.” Eniro’s investment in the project is within the company’s previously communicated development costs and is expected to have a marginal impact on revenue and earnings in 2014. Revenues from the business will be reported under Eniro’s current Campaign products revenue category. For more information, please contact: Johan Lindgren, President and CEO, Tel +46 8 553 310 01 Mattias Lundqvist, CFO, Tel +46 8 553 310 04 Cecilia Lannebo, Head of Investor Relations, Tel: +46 722 208 277, email: cecilia.lannebo@eniro.com The information is such that Eniro AB (publ) is required to disclose in accordance with the Swedish Financial Instruments Trading Act and/or the Swedish Securities Market Act. The information was submitted for publication at 17.00 CET on February 26, 2014. Eniro is a search company that aggregates, filters and organizes local information. Our growth is driven by users’ increasing mobility and multiscreen behavior, where we are at the forefront with modern technical solutions. For more than 100 years Eniro has helped people find local information and companies find customers. Today it is a multiscreen solution – our users search for information using their smart phones, tablets and desktops. This creates great business opportunities for us as the local search company. Mobile advertising is today the fastest growing part of Eniro’s business. Eniro is the local search engine. A smart shortcut to what you need, no matter where you are or where you are going. Eniro is one of the largest search companies in the Nordic region and Poland. The company has approximately 2,800 employees and has been listed on NASDAQ OMX Stockholm since 2000. During 2013, Eniro’s revenues amounted to SEK 3,660 M and EBITDA was SEK 849 M. More than 80 percent of Eniro’s advertising revenues come from multiscreen channels. The company’s headquarters are located in Stockholm, Sweden. More on Eniro at www.enirogroup.com. Eniro – Discover local. Search local.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Mazu Culture Forum Unveils New Initiatives in China

A Cultural Tapestry Unfurls in Putian Picture this: a kaleidoscope of cultures and ideas unraveling in the coastal city of Putian. The 11th Global Mazu Culture Forum kicks off on October 31, bringing together minds—both fresh and seasoned—from an impressive array of 47 countries and regions. It's more than a forum; it's a vibrant crossroads of innovation, tradition,...

FirstEnergy Pumps $115K into PA Housing Stability

Bankrolling Hope: FirstEnergy's $115K Commitment On the surface, corporate philanthropy sounds like yet another PR stunt, but sometimes these dollars pour a lifeline for those in dire need. Today, we look at FirstEnergy Foundation throwing a weighty $115,000 towards ensuring Pennsylvanians have stable roofs over their heads. This isn't your garden-variety donation—a lot...

Greenberg Traurig's 93 Attorneys Shine on Super Lawyers List

A Legal Powerhouse Expands Its Reputation Just when you think you've got the legal market pegged, something like this pops up: Greenberg Traurig's 93 attorneys make it onto the coveted 2026 New York Metro Super Lawyers lists. We're talking about 59 making the 'Super Lawyers' list and 34 slipping into the 'Rising Stars' category. They even had Vice Chairman Robert J....

Conquering Dental Anxiety: Tips for a Calm Visit

Breaking the Fear of the Dentist's Chair There's no sugar-coating it—hitting the dental chair can feel like gearing up for a bout in the boxing ring, especially if anxiety's already taken root. But listen, it doesn't have to be that way, and that's where HelloNation's recent feature steps in. Dr. Adriane Lippian and Dr. Jim Lippian, dentists hailing from Texarkana,...

Sunset World Group: 32 Years of Beachside Legacy

Celebrating a Beachside Milestone Out there in the sun-soaked corners of Cancun, it's another sunburnt milestone for the folks over at Sunset Royal Beach Resort. We're talking a full 32 years of greeting guests with their signature tropical flair. Now that's the kind of longevity you just don't find in today's fleeting hospitality market. A pat on the back to any...

Hehe Culture's Timeless Wisdom Explored at Forum

Hehe Forum: Bridging the Past and Present Sometimes, the past isn't just anchor weight, it's a compass guiding us through the murky waters of today. The Hehe Culture Forum's latest gathering in Tiantai County, Zhejiang Province, aimed to unravel just how much ancient wisdom can still steer the course in this fast-changing world. Delegates from 23 nations joined forces,...

AstroRad Vest Makes Spaceflight History at Smithsonian

Space Gear Finds a New Home In a move that brings a piece of the cosmos down to Earth, the AstroRad radiation protection vest, used by astronauts aboard the International Space Station (ISS), has landed a spot in the Smithsonian's National Air and Space Museum. It's not just some random hunk of tech; this vest represents a milestone in the annals of space gear — a...

Radiofrequency Microneedling: A Fresh Skin Solution?

Vet the Process Before Diving In Everyone wants to turn back the clock on their skin, but it's crucial to know what you're getting into. This ain't a quick splash of water on the face; it's radiofrequency microneedling we're talking about. And honey, it’s no fairy tale—it’s science, plain and simple. Drilling Down on Microneedling This procedure, preached by Dr....

Shareholder Stakes at Risk in Major Mergers

Deals in the Spotlight: What's at Stake? Ever wonder if you're getting the short end of the stick while company insiders walk away with the spoils? That's the song and dance investors face with the likes of ADT Inc., Instacart, and MidCap Financial Investment Corporation lately. If you're wearing the shareholder hat, you might want to tune into the noise around these...

Scientology Teams with Red Cross in Amazon Aid Effort

Intersecting Paths in the Amazon Deep in the heart of the Amazon, where Colombia meets Brazil and Peru, something unique is happening. The Scientology Volunteer Ministers, amid their Amazon Extreme Pioneer Tour, have joined forces with the Colombian Red Cross and the Correcaminos Foundation to host a community outreach event near Leticia. This isn’t some fly-by-night...