Vodafone Idea Ltd’s shares were up by 5.41 per cent after the company announced the signing of a binding term sheet with Route Mobile (UK) Ltd, a wholly-owned subsidiary of Route Mobile Ltd (“RML”). This agreement pertains to VIL’s International A2P (Application-to-Person) SMS traffic.
Under the contract, Route Mobile (UK) Ltd will be VIL’s platform provider for International A2P SMS Services over the next 24 months. While the exact ‘Go-Live’ date is yet to be determined, both parties will collaborate to finalise a definitive agreement outlining the terms and conditions of their partnership.
The shares were up 5.41 per cent at Rs 8.38 at 10.15 am on the BSE.