On August 13th, Gelunhui reported that the subsidiary, Montnets International Communications (Hong Kong) Limited (referred to as 'International Communications'), controlled by Montnets Cloud Technology Group (002123.SZ), received the Application for Expanding the Scope of Service of Services Based Operator ('SBO') Licence No. 1850 ('Licence') issued by the Office of the Communications Authority of the Government of the Hong Kong Special Administrative Region ('OFCA'). International Communications applied to expand its service scope and was granted permission to provide mobile virtual network operator (MVNO) services.
Traditional communication methods such as SMS, email, and voice are still the most reliable and stable ways for user reach, widely used for key operations such as user registration, login, password recovery, payment verification, marketing promotion, and user recall. With the continuous progress of Internet technology and the rapid development of e-commerce, more and more companies are starting to expand internationally. However, multinational enterprises face challenges in integrating communication resources from different countries, which provides huge growth potential for cloud communication services.
International Communications recently obtained permission from OFCA to expand its service scope and became the 25th enterprise in Hong Kong to obtain a mobile virtual network operator (MVNO) license. This milestone not only significantly enhances the company's core competitiveness in the international communication field, but also helps to build a more comprehensive and powerful global cloud communication service supply chain. The company will use this advantage to continuously improve market share in the international communication market, while enhancing brand influence and business synergy. After obtaining the MVNO license, the company's business scope has been significantly expanded and its product line has become more diversified. The company will continue to explore and effectively integrate existing resources, provide intelligent and convenient international cloud communication services for global enterprises, help them expand broader global market space, and achieve global business development.