MoneyWorks4Me

Onmobile Global rises on receiving extension deal of Ringback Tones with Telefonicaowned Vivo in Brazil

04 Feb 2016 Evaluate

Onmobile Global is currently trading at Rs 133.20, up by 2.80 points or 2.15% from its previous closing of Rs. 130.40 on the BSE.

The scrip opened at Rs 133.40 and has touched a high and low of Rs 135.20 and Rs 132.80 respectively. So far 120530 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs 10 has touched a 52 week high of Rs 140.80 on 01-Dec-2015 and a 52 week low of Rs 62.00 on 16-Mar-2015.

Last one week high and low of the scrip stood at Rs 139.90 and Rs 119.50 respectively. The current market cap of the company is Rs 1474.46 crore.

The promoters holding in the company stood at 45.09% while Institutions and Non-Institutions held 8.37% and 46.55% respectively.

OnMobile Global has secured a one year extension for its Ringback Tone offering with Vivo, the largest telecommunications company in Brazil. As per this agreement, OnMobile will continue to provide its flagship Ringback Tone offering to Vivo’s 80 million mobile subscribers for another year.

OnMobile Global, headquartered in Bangalore, India, and with offices in all regions of the world, delivers millions of music plays daily to mobile customers worldwide. Based on current deployments, OnMobile has the potential to reach more than 1.1 billion mobile users across several geographies.

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