12-11-2024 11:06 AM | Source: Accord Fintech
OnMobile Global shines on entering into partnership with DeOSphere

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Onmobile Global is currently trading at Rs. 82.30, up by 3.99 points or 5.10% from its previous closing of Rs. 78.31 on the BSE.

The scrip opened at Rs. 78.80 and has touched a high and low of Rs. 82.93 and Rs. 78.31 respectively. So far 35398 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 123.95 on 16-Jan-2024 and a 52 week low of Rs. 59.70 on 28-Mar-2024.

Last one week high and low of the scrip stood at Rs. 84.57 and Rs. 77.96 respectively. The current market cap of the company is Rs. 832.60 crore.

The promoters holding in the company stood at 47.90%, while Institutions and Non-Institutions held 0.25% and 51.85% respectively.

OnMobile Global has entered into partnership with DeOSphere, to offer advanced gaming and network services by deploying the DeOS Operating system, including streaming and edge computing technologies over OnMobile’s current global network infrastructure. DeOSphere which partners with leading gaming and entertainment providers, is a decentralised operating system, that runs any application by bypassing processing on device operating systems and cloud computing. 

With this collaboration, DeOSphere will be offering one of the largest interactive edge gaming, AI and content networks, enabling new revenue opportunities for game studios and developers while generating important performance efficiencies. In DeOSphere, OnMobile has found a partner and client to greatly upscale its current gaming services and network infrastructure. This partnership leverages the strengths of both organizations and enables future services to be launched; and also complements OnMobile’s gaming offering with an unmatched experience.

Onmobile Global is engaged in providing value added services such as Ringback Tones, Digital Content Store and Infotainment.