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MOKO.mobi (ASX:MKB) shares jump after US update

MOKO.mobi (ASX:MKB) shares jump after US update

Shares in mobile social networking platform operator MOKO.mobi (ASX:MKB) have risen 7.5% since the company revealed that carrier partner AT&T has signed up over 5,000 users to the platform in the first two weeks of promoting it

In a trading update, Moko.mobi said it is entitled to a 50% revenue share of the US$3.99 ($4.36) AT&T subscribers pay per month after signing up to the MOKO.mobi service.

A similar promotion plan is scheduled for fellow US operator Verizon over the coming six months, the company added.

The company has also built a Malaysian user base of around 320,000 through operators Maxis and DiGi, and is entitled to a 40-50% share of the revenue these users generate.

MKB shares have grown to $0.086 today.

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Tags social networkingTelecommunicationsMOKO.mobiASX:MKBmarket update

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