MISSISSAUGA, ON, Jan. 29, 2015 /CNW/ - DataWind Inc. ("DataWind" or the "Company") (TSX: DW), a leader in the delivery of internet access in emerging markets, announced today that it has entered into an agreement with one of India's major telecommunication providers that has more than 100 million subscribers. The agreement enables DataWind to offer its devices with bundled nationwide internet service coverage. Datawind expects to announce more details around the bundled device and internet service packages the Company will be offering based on the new agreement, in late February.
"This agreement is a major milestone for DataWind; it moves us closer to our goal of bringing the next billion people online," said Suneet Singh Tuli, President and CEO of DataWind Inc. "Through this agreement, we will now be able to bundle reliable nationwide internet service with virtually every device we ship through all of our Indian sales channels. Our customers will be able to use our low-cost internet browsing solution, essentially anywhere in India."
DataWind is a leader in low-cost Internet connectivity for emerging markets. DataWind's mission is to bring the Internet, which has the ability to create tremendous social and economic benefits, to billions of unconnected people in the developing world. The Company's Internet Delivery Platform offers a low-cost Internet browsing solution by bundling an affordable tablet device with an
inexpensive, pre-paid, 2G Internet service plan.
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information includes information with respect to our goals, beliefs, plans, expectations, anticipations, estimates and intentions. Forward-looking information is identified by the use of terms and phrases such as "may," "would," "should," "could," "expect," "intend," "estimate," "anticipate," "plan," "foresee," "believe," and "continue," or the negative of these terms and similar terminology, including references to assumptions. Please note, however, that not all forward-looking information contains these terms and phrases. Forward-looking information is based upon a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond our control. These risks and uncertainties could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors identified in the Company's prospectus dated June 27, 2014, which is available on the SEDAR website at www.sedar.com. Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein is provided as of the date hereof, and we do not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
SOURCE DataWind Inc.
For further information: Conrad Seguin, TMX Equicom, (416) 815-0700 ext. 251, [email protected]