Telehop Reaches Agreement with Major Canadian Wireless Carrier
August 25 2012 - 7:15AM
PR Newswire (Canada)
#100 is first dial-around service for mobile in Canada TORONTO,
Aug. 27, 2012 /CNW/ - Telehop Communications Inc. ("Telehop") has
entered into an agreement with a major Canadian wireless carrier
that will see Telehop's long distance services made available to
the carrier's national customer base. The agreement is the first of
its kind in Canada. Simply by dialing #100 and then entering the
destination number, mobile customers will benefit from a Telehop
per minute long distance calling plan. The charges will simply
appear on the customer's regular mobile invoice. "This agreement is
an important first and an opportunity to take our traditional
10-10-100 and 10-10-620 calling services to the next level," said
Rajiv Jagota, President and CEO, Telehop. "We recognize that mobile
usage is increasing and we're pleased to extend our flexible long
distance plans to Canadian mobile customers. Consumers will
appreciate this new, easy-to-use service which makes international
calling from their cellphone more affordable." The new #100
dial-around service offers 0.05 per minute calling to destinations
such as China, India, Israel, Mexico, Australia and most of Europe.
Long distance rates to Pakistan, Vietnam, Russia and South Africa
are 0.10 per minute. Calls to Jamaica and Trinidad are 0.15 per
minute and 0.20 per minute respectively. The agreement between
Telehop and the national wireless carrier is for a
minimum five year term. The Company believes that the revenue
growth arising from this partnership will be significant and has
agreed to a minimum revenue commitment for overseas call fees of
$25 million over the term of the contract. About Telehop Telehop
Communications Inc. was founded in 1993 and is headquartered in
Toronto, Ontario. It has grown into one of the largest alternative
telecommunications providers to both residential and business
customers. Telehop is an Equal Access Long Distance Provider,
allowing it to offer its customers full service long distance
calling globally at significantly lower rates. The Canadian
Radio-television and Telecommunications Commission ("CRTC") has
licensed Telehop as a Class "A" telecommunications carrier. Neither
the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
release. Telehop Communications Inc. CONTACT: Media Contact:Robert
FurtadoPilot PMR for Telehop416-462-0199 ext. 22robert@pilotpmr.com
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