NQ Mobile Signs Indonesia Deal

NQ Mobile (NYSE: NQ  ) is about to lift its profile in one of Asia's more populous countries. The company announced that it has signed a deal with local cell phone service provider Telkomsel, a subsidiary of Telkom Indonesia (NYSE: TLK  ) , to provide a suite of its products for the former's customers. The terms of the deal were not disclosed.

Telkomsel is to make NQ Mobile's Family Guardian suite of services the core of its Halo Family plan. In the latter company's words, Family Guardian "gives parents a complete set of security and monitoring services, allowing them to be updated on the child's location, prohibit access to inappropriate websites and apps, set schedules for when device functions can and cannot be used, and even block spam calls and texts."

The Indonesian firm is also to offer a pair of other NQ Mobile products, Mobile Security and Mobile Vault. The former shields hardware from viruses and other unwanted data, while the latter allows users to password protect and encrypt personal information and assets stored on their devices.

According to NQ Mobile, Telkomsel currently boasts 128 million subscribers.

Last week, NQ Mobile posted its highest-ever quarterly net revenue figure of just over $54 million, although it booked a net loss of nearly $2.8 million for the period. 


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2735233, ~/Articles/ArticleHandler.aspx, 11/28/2014 7:11:22 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 17,828.24 0.49 0.00%
S&P 500 2,067.56 -5.27 -0.25%
NASD 4,791.63 4.31 0.09%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

11/28/2014 1:04 PM
NQ $7.02 Down -0.29 -3.97%
NETQIN MOBILE INC… CAPS Rating: *
TLK $46.10 Down -0.27 -0.58%
Telkom Indonesia CAPS Rating: *****

Advertisement