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Bango
- BY: Andrew Hore |
- POSTED: 20/04/2010 |
Research In Motion has sent an email to BlackBerry App World vendors saying that Bango will be the carrier for billed transactions but Bango says that the deal has not been finalised.
Bango‘s technology enables content providers to market and deliver content over mobile phones using mobile internet. No timescales have been agreed with RIM and the deal is still at an early stage.
Just before Christmas, Bango raised £3.26m (£3m net) at 43p a share. The cash provides working capital so that Bango can pay for content before it is paid by network operators. Bango will agree long-term relationships with content providers. This is designed to improve Bango’s margins and increase volumes.
The share price has more than doubled since the placing helped by the talk of the RIM deal. At 88p a share, up 7p on the day, Bango is valued at £31.6m. The shares have risen by more than one-quarter over the past month.
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