CounterPath (CPAH) Stock Rockets On 5-Year Deal

CounterPath CPAH Stock News

CounterPath, Corp. (NASDAQ: CPAH) is having an incredibly strong start to the trading session this morning, trading on gains of more than 40%. The gains come after the company announced that it had entered into a new deal with Vodafone Fiji. Here’s what’s going on:

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CPAH Announces New Deal

In the press release, CounterPath said that it has secured a new deal with Vodafone Fiji to provide Bria mobile applications and StrettoƤ Platform services to enable reliable voice calling. Through these services, reliable voice calling will be provided for up to 700,000 consumers across Fiji and neighbouring islands.

In the release, CPAH said that the solution will enhance connectivity and provide seamless communication across the region. As part of the deal, a five-year subscription targeted to provide full coverage to mobile users has been entered into.

In a statement, Todd Carothers, Chief Revenue Officer at CPAH, had the following to offer:

We’re excited about establishing a long-term relationship with Vodafone Fiji. With the CounterPath mobile unified communications solution, Vodafone customers will benefit from a differentiated offering that provides a superior user experience. It’s a huge step forward for unified mobile communications in Fiji.

Why Investors Are So Excited

At the end of the day, the deal announced today is a big step in the right direction for CounterPath. At the moment, we’re entering into a bit of a telephony rennaissance in the developing world.

As bandwidth becomes less expensive and new technologies make more expansive networks possible, services in areas like Fiji are improving. The companies at the forefront of the trend in these regions will likely become long term leaders in the space.

So, this isn’t just a big opportunity for revenue for CPAH and its investors, it’s a big opportunity to make a name in a key developing region.

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