Route Mobile surges on signing exclusive partnership with Vodafone Idea
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Route Mobile is currently trading at Rs. 1541.45, up by 9.00 points or 0.59% from its previous closing of Rs. 1532.45 on the BSE.
The scrip opened at Rs. 1532.50 and has touched a high and low of Rs. 1558.20 and Rs. 1521.20 respectively. So far 13264 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1759.50 on 17-Jul-2023 and a 52 week low of Rs. 1131.00 on 23-Jan-2023.
Last one week high and low of the scrip stood at Rs. 1558.20 and Rs. 1496.35 respectively. The current market cap of the company is Rs. 9578.17 crore.
The promoters holding in the company stood at 58.32%, while Institutions and Non-Institutions held 28.15% and 13.54% respectively.
Route Mobile’s wholly owned subsidiary (WoS) -- Route Mobile (UK) has entered into an exclusive partnership with Vodafone Idea (VIL) to deploy and implement its suite of end-to-end A2P monetization solutions, for all A2P SMS traffic on the VIL network (including erstwhile Vodafone and Idea networks). As part of this arrangement, Route Mobile will provide comprehensive A2P monetization solutions to VIL by deploying its Artificial Intelligence/Machine Learning (AI/ML) driven analytical firewall solution, an SMS Hub on the VIL network, and aggregating international A2P SMS traffic on the VIL network.
Route Mobile has deployed its firewall solutions for several Mobile Network Operators (MNOs) across the globe, and VIL stands to benefit from the revenue maximization delivered by these solutions. Route Mobile’s A2P SMS firewall enables MNOs to safeguard their customers from unwanted and malicious messages, with innovative, real-time traffic analysis and detection solutions. The solution leverages proprietary message simulators, traffic analysis and forecasting tools, business intelligence, data analysis and intelligence databases to offer effective blocking of illegitimate grey route traffic and monetization of A2P SMS traffic on the network.
Route Mobile is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO).
