Swarmio Media Enters North African Market by Partnering with Ooredoo, Tunisia's Largest Telecom Operator

Ooredoo Tunisia to Launch Swarmio's Ember Gaming and Esports Platform to its 7.5 million Customers Under the Ooredoo Brand Name 'Ooredoo EZ'

Ooredoo Tunisia is Part of the Ooredoo Group (QA: ORDS), one of the World's Largest Telecom Operators with 121 million customers across 12 countries in the Middle East , Southeast Asia and North Africa

  • Swarmio and Ooredoo Tunisia will split revenues from monthly subscription fees and in-game content transactions that take place inside the 'Ooredoo EZ' platform, using Swarmio's unique store and payment solutions
  • Swarmio's plug and play Ember gaming platform allows telcos to engage and monetize gaming subscribers and gain immediate and meaningful access to the US$200 billion gaming market
  • Swarmio Store will enable the Tunisian gaming community access to in-game items from multiple game publishers

Swarmio Media Holdings Inc. (CSE: SWRM) (OTC: SWMIF) ('Swarmio' or 'the Company'),  a technology company focused on the global deployment of its gaming and esports platform via its telecom operator ("telco") partners, announces a signed commercial agreement (the "Agreement") with Ooredoo Tunisia. Under the terms of the Agreement, Swarmio's proprietary Ember gaming and esports platform will be rolled out and marketed to Ooredoo Tunisia's 7.5 million customers under the brand name 'Ooredoo EZ' (pronounced 'EEzEE').

The 'Ooredoo EZ' platform will be offered to Ooredoo customers across Tunisia as a subscription gaming service, providing them with access to competitive challenges and tournaments, exclusive gaming content, managed communities and an ultra-low-latency playing experience via Swarmio's patented Latency-optimized Edge Computing (LEC) technology 'Matrix'.

As part of the 'Ooredoo EZ' rollout, Ooredoo Tunisia is also expected to carry out an extensive marketing and awareness campaign which will include TV and billboard advertising, store activations, featured app placements and other initiatives.

Ooredoo Tunisia services over half of Tunisia's entire population of 11.8 million people. According to Newzoo, there are over 5.3 million gamers in the country, and that number is growing at a rate of 6.7% year-on-year. Ooredoo Tunisia is part of the Ooredoo Group (QA: ORDS), a leading global communications company delivering mobile, fixed, broadband internet and corporate managed services to 121 million customers across 12 countries in the Middle East , Southeast Asia and North Africa .

Importantly, for the first time in Tunisia , a comprehensive collection of high-demand in-game items will be made available for purchase inside the 'Ooredoo EZ' platform via Swarmio's online store (Swarmio Store). Gamers will be able to seamlessly pay for these items inside the platform using Swarmio's Direct Carrier Billing and gamer e-wallet solutions (Swarmio Pay). With credit card penetration in Tunisia reaching only 7% of the population, and a severe lack of available options in the country for gamers to purchase in-game items, unlocking access to these items and enabling gamers to pay for them without a credit card is a first-of-its-kind solution for gamers in this region.

"Every day we're seeing the growing power and potential of gaming and esports and are immensely excited to be partnering with proven specialists, Swarmio Media, to bring dynamic new gaming experiences to our Tunisian customers." said Sunil Mishra , CMO of Ooredoo Tunisia.

"We are very excited to kick off our journey in esports supported by the expertise of our partner Swarmio. We are entering into this promising and challenging market with confident steps towards our vision to be the leader in this domain and support the growing ecosystem in the country," said Mansoor Rashid Al Khater , CEO of Ooredoo Tunisia.

"Deploying our Ember platform to the first customers in North Africa is a valuable milestone for Swarmio that we're exceptionally proud of," commented Swarmio CEO Vijai Karthigesu . "We have built a strong working partnership with Ooredoo Tunisia and look forward to collaborating with them long into the future, as together we unlock incredible gaming access and experiences for customers across the country".

The commercial agreement comes as a result of Swarmio's previously announced collaborative partnership with TM WHOLESALE (the global and wholesale arm of Telekom Malaysia Berhad), which will see Swarmio's Ember platform rolled out across Asia and the MENA region. All revenues generated within the Ember platform through its integrated ecommerce and fintech solutions, Swarmio Store and Swarmio Pay, will be subject to a revenue share agreement between Ooredoo Tunisia, TM WHOLESALE, and Swarmio.

About Swarmio Media

Swarmio Media (CSE: SWRM; OTC: SWMIF) is a technology company focused on deploying its proprietary end-to-end gaming and esports platform, Ember, which enables telcos to monetize their gaming customers. Swarmio has engaged with several telcos that have launched Ember as an add-on service, allowing subscribers to access tournaments, engage in a localized gaming community, challenge friends and influencers, and earn points that can be used to purchase gaming content. Ember is powered by Swarmio's patented Latency-Optimized Edge Cloud ('LEC') technology, which reduces lag and allows gamers to enjoy an optimized gaming experience.

About Ooredoo Tunisia

Ooredoo Tunisia is a leading global operator offering various services dedicated to both individuals (Mobile, Fixed, data) and businesses through hosting solutions, IoT, cloud and very high speed. As a responsible company rooted in the community. Ooredoo Tunisia is guided by its vision to enrich the digital lives of its customers and its belief that it can stimulate human growth by leveraging new technologies to help the community realize its full potential.

About Ooredoo Group

Ooredoo is an international communications company operating across the Middle East , North Africa and Southeast Asia . Serving consumers and businesses in 10 countries, Ooredoo delivers the leading data experience through a broad range of content and services via its advanced, data-centric mobile and fixed networks.

Ooredoo generated revenues of QAR 30 billion as of 31 December 2021 . Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.

About Ember by Swarmio

Swarmio's fully managed, plug-and-play Ember platform can be quickly and seamlessly integrated with major telco operations, allowing telcos to engage and monetize gaming subscribers and gain immediate and meaningful access to the US$200 billion gaming market.

Ember provides a proprietary digital hub for gaming communities, allowing gamers to access an ultra-low-latency playing experience, competitive challenges and tournaments, exclusive gaming content, managed communities, gamification and points system, online store (Swarmio Store), gamer e-wallet (Swarmio Pay), and customized digital content.

For more information please visit:
Swarmio Investor Website ( https://swarmio.media/investors )
Swarmio on LinkedIn ( https://www.linkedin.com/company/swarmiomedia )
Swarmio on Twitter ( https://twitter.com/SwarmioMedia )

Cautionary Note Regarding Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation: statements about the Company's growth, the Company's ability to capitalize on the major WHOLESALE opportunity in the gaming and esports market, anticipated benefits to the Company's partners and their customers from using the Company's products, ongoing discussions with potential new customers or partners and the possibility that such discussions may result in additional contracts or revenue for the Company, the Company's future plans, its goals and expectations, including but not limited to, the Company's continuing ability to enter into agreements to deploy its products with international telecommunications companies and game publishers and its ability to monetize these agreements through generating SaaS-based revenues are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the risks identified in the Companies long-form prospectus dated November 10, 2021 (which can be accessed through the Company's profile on www.sedar.com ). Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the respective companies undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

SOURCE Swarmio Media Holdings Inc.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/June2022/02/c0554.html

News Provided by Canada Newswire via QuoteMedia

The Conversation (0)
East Side Games

The Office: Somehow We Manage Mobile Game Available Now

East Side Games Group (TSX: EAGR) (OTC: EAGRF) (" ESGG " or the " Company "), Canada's leading free-to-play mobile game group, in collaboration with Universal Games and Digital Platforms, announced today the worldwide launch of The Office: Somehow We Manage on iOS and Android. The free-to-play idle game is inspired by NBC's critically acclaimed, Emmy® Award-winning U.S. version of The Office which is now streaming exclusively on Peacock.

Watch the launch trailer here .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Person holding phone that says "GameStop" in front of stock trading charts.

GameStop Frenzy Cools, E*Trade Considers Roaring Kitty Ban

GameStop (NYSE:GME) continues to cool following a trading frenzy that drove shares up by 75 percent between the close of trading last Friday (May 31) and the start of trading on Monday (June 3).

The brief rally, which took GameStop shares to US$40.09 on Monday morning, was sparked by a Reddit (NYSE:RDDT) post made late Sunday (June 2) by an account tied to the video game retailer's most prominent supporter, Keith Gill.

Gill, who ignited the meme stock craze in 2021 and is known as Roaring Kitty on other platforms, posted a screenshot on Reddit's Superstonk subreddit that shows a purported US$175 million position in GameStop shares and call options.

Keep reading...Show less
Cell phone showing GameStop stock chart.

GameStop Surges Over 70 Percent in Flashback to 2021 Frenzy

Over three years after the infamous GameStop (NYSE:GME) short squeeze, the American retailer’s share price skyrocketed as much as 110 percent on Monday (May 13) before pulling back to a more than 70 percent gain.

The surge came on the heels of a social media post by "Roaring Kitty," also known as Keith Gill. His first online appearance since 2021 has reignited memories of the meme stock frenzy that captivated markets in 2021.

Gill, who gained notoriety for his bullish stance on GameStop, posted a meme on X (formerly Twitter) depicting a focused video gamer. It received widespread attention, accumulating over 81,000 likes and 9,000 comments in just a few hours.

Keep reading...Show less
NorthStar Gaming Chairman and CEO Michael Moskowitz.

NorthStar Gaming Leverages Content to Create Engaged, Active Players, CEO Says

NorthStar Gaming (TSXV:BET,OTCQB:NSBBF) is leveraging its rich, compelling content to better engage its customers, which ultimately leads to higher revenue, said NorthStar Chairman and CEO Michael Moskowitz, following an earlier announcement that the company is rolling out enhancements to the Sports Insights content on its platform.

“From the time that we founded NorthStar Gaming, we took the view that providing compelling content would lead to higher engagement with our customers,” he said. "And we're finding just that. We're planning to launch Sports Insights 2.0 in the first half of 2024 with redesigned sports and homepages, live scoreboards and tickers, live odds, trending topics and a greater tie-in in terms of the player journey and promotional offers that we provide to them."

Moskowitz noted that leveraging content helps attract new customers, with several media organizations using the company’s content on their own sites. “Ultimately, these articles and this content will help to create awareness around the NorthStar Bets brand and platform, and ultimately drive traffic to our site, which will convert into revenue.”

Keep reading...Show less
hand touching phone

Game-changing Prospects for the iGaming Market

iGaming has grown considerably in recent years. Driven by innovations in web technology and a changing regulatory landscape, online casinos and sportsbooks are more popular than ever.

To understand how the landscape may change moving forward, investors should assess how the industry has evolved in recent years.

Keep reading...Show less
smartphone on podium

Top Trends Shaping the Canadian iGaming Market

From emerging technologies to evolving regulations, the trajectory of iGaming has changed substantially in recent years as the market has experienced significant growth.

In 2022, Ontario's provincial government introduced game-changing legislation that established a regulatory framework for iGaming. Due to this legislation, regulated iGaming successfully displaced the unregulated market, according to Attorney General Doug Downey, creating over 1.6 million active player accounts across more than 70 operator websites as of April 2023 — just over one year following the change.

Ontario's regulation has also laid the groundwork for widespread change in the iGaming space across Canada. As iGaming continues to evolve, it's important to have a deeper understanding of both new and existing trends that will shape the industry's future, as well as regulations.

Keep reading...Show less

Latest Press Releases

Related News