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United Network Limited (ASX:UNL) has launched the Global eSIM solution following the completion of commercial trials. This product adds to the basket of the company's global connectivity product and services that include Global eSIM, Global WiFi and SOS alerts capabilities.
Established in 2009, United Network Limited is a telecommunication services company which derives the majority of revenue from a white labelling its global United Trust Platform. The Platform offers customer engagement solutions to its B2B clients which enables its partners to engage and connect with their end-users. The company is positioned as first in the market with a single platform offering smart solutions to be globally connected and protected 24/7, 365 days a year while incorporating multiple connectivity services, real-time tracking and value-added products across an integrated messaging system.
Its new product United Networks Global eSIM is explained as a game changer that has the potential to connect users to over 500 networks in more than 190 nations through an entirely digital process. The product also offers the ultimate travel connectivity solution when coupled with the United Networks WiFi and SOS app.
UNL's Managing Director Nick Ghattas stated that the Global eSIM solution provides users with a wallet-friendly connectivity alternative that is accessible and ready to use across the globe at any time.
eSIM refers to an embedded SIM. This Global eSIM can reportedly be activated in minutes with no requirement to change sims. The activation process just needs a customer to scan a QR code through online ordering. Global eSIM further enables the end-users to continue using their local sim in the phone while simultaneously texting, making calls or using data on their Global eSIM.
The charges of this Global eSIM are on the pay-per-use basis which in turn saves customers from paying fixed monthly charges. Its other benefits to customers include the ability to use data from the Global eSIM while travelling, data plans can be bought for particular countries or zones at competitive rates as well as the ability to receive calls from the local mobile and Global eSIM at the same time.
United Network told that the Global eSIM is the world's first white label solution for Insurtech partners comprising of insurance and travel companies. It does not involve any physical costs of distribution of sims and enables rapid deployment into the market.
As per the company's announcement, Global eSIM is being supported by the new IOS devices and range of Android devices as of now. The product is available directly through the company's distribution channel and is planned to be rolled out to partner websites over the coming months. Further, it is integrated with United Networks suite of connectivity suite of Insurtech products.
As at 31 December 2018, company's cash and cash equivalents stood at $543,752.
UNL last traded at $0.015 with a market capitalisation of $1.89 million (1 April 2019). The stock has witnessed a positive price change of 25.00% over the past 1 month.
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