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ManagePay forms JV with Contracts Rise for MVNO licence


KUALA LUMPUR: ManagePay Systems Bhd (MPay) has entered into a joint venture agreement (JV) with Contracts Rise Sdn Bhd to procure mobile virtual network operator (MVNO) licence from the Malaysian Communication And Multimedia Commission (MCMC) and to launch and promote self-branded MVNO starter pack in Malaysia.

According to the filing with Bursa Malaysia Wednesday, MPay will hold a 40% stake in the JV company while Contract Rise will hold the remaining 60%.

Corporate News , Managepay , MVNO

   

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