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Syntonic’s partnership with the largest mobile carrier in the U.S. focuses on sponsored data, which lets content providers pay for data on behalf of customers. This sponsored data agreement expands Syntonic’s existing partnership with Verizon’s FreeBee Perks data rewards program. Syntonic is now the only Verizon partner integrated into both FreeBee Data and FreeBee Perks that can provide both sponsored data offers and data rewards to nearly 100 million Verizon subscribers.
Shareholders in one-time mining companies Cove Resources and Pacific Ore have enjoyed solid gains after the two companies resumed trading on the ASX as tech plays, with one chaired by former Alinta boss Bob Browning and the other run from Seattle.
Pacific Ore has become the latest backdoor listing hopeful to be held up by the corporate watchdog, while several other companies have moved forward with their reverse takeovers.
Pacific Ore Ltd's (ASX:PSF) proposed acquisition of Syntonic Wireless Inc., a mobile platform and service provider, is paying off with a surging share price and positive news flow. On 17 March 2016, Pacific Ore confirmed that it exercised the option to acquire 100% of the issued share capital of US-based Syntonic Wireless in a reverse takeover. Over the last 12 months, Syntonic has experienced rapid growth, starting with the launch of Syntonic DataFlex, its enterprise split-billing solution, followed by the global expansion and availability of its sponsored data offering, Freeway by Syntonic.