September 8, 2020 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”)is pleased to announce the signing of a SaaS Contract with COFRESA (commercially known as FreedomPop), owned by Dish Mexico for integration on Newt’s SaaS Payment Platform, in Latin America.
As per the terms of the agreement, Newt shall become an exclusive distributor of FreedomPop’s airtime top-ups in Mexico through Newt’s network of customers and partners.
The Contract also establishes that Newt will provide its SaaS Software Platform to FreedomPop to deploy their digital services in the country. This shall provide FreedomPop with an opportunity to reach more customers and increase their sales, while allowing Newt to further increase the number of transactions of electronic products and services, and benefit from the increasing demand for airtime top-ups at POS locations across Mexico.
FreedomPop is a disruptive mobile services provider, which is owned by Dish Corporation in Latin America. They have over 500,000 users of their telecom service, offering full coverage in the country.
Sergio Maya Aleman, CEO of Latin America of Newt Corporation stated: “We are pleased to have been selected to become an exclusive provider of FreedomPop’s airtime top-ups in Mexico. This agreement adds another partner and a new electronic product to
our pipeline. With this agreement, we will increase the number of transactions in airtime top-ups in Latin America, with the ultimate goal of increasing our shareholder value.”
Steven Hoffmann, Founder and Chairman of Newt Corporation, stated: “We are pleased to successfully align these international partners into our network of Digital Distribution. The fact that our distribution network is rapidly growing, makes us a great partner for digital services in the Latin American marketplace. We are pleased with our management, and we shall continue Newt’s next phase of growth in the 4th quarter of 2020, entering the US market.”
FreedomPop is an authorized MVNO company, which is owned by Dish Corporation in Mexico. They have over 500,000 users of their telecom service, offering full coverage in the country. FreedomPop is the first MVNO that América Movil has authorized to have an interconnection according to the Mexican authorities. Because of the extensive range of users of Telcel and their Dish Satellite TV service with more than 3 million users, FreedomPop had double-digit growth in the past year. Their average top-up ARPU is
above the country’s average MVNO.
FreedomPop provides disruptive mobile services including the world’s first 100% free mobile plan so that no one is left off the “connected grid.” Founded in 2012, FreedomPop is rewriting the rules of the global telecoms industry accelerating the convergence of Internet models and technology with traditional Telecom.
For more information, visit https://www.dishcelular.com.mx/