Airtime Partecipazioni S.p.A.: 6 months of sustained growth for Airtime Partecipazioni
Airtime Partecipazioni S.p.A. 6 months of sustained growth for Airtime Partecipazioni Airtime Partecipazioni SpA (or Airtime), the fintech player dedicated to the telecom sector, who listed directly on the Euronext Growth in September 2021 has seen strong recognition from investors with its development plans. The initial objectives in the listing, to increase the visibility of the brand globally and to improve access to capital to support our growth strategies, are successfully met. Indeed, the company observes that the initial trading price of the share, at EUR 10, has steadily risen to reach EUR 72 in the first few months of trading, amid the interest for the stability of its business and growth prospects. Airtime, founded by Italian entrepreneur Orlando Taddeo, develops innovative technologies in telecommunications and financial services for Europe and the United States, notably. The company builds its success on the need to trade voice and SMS and operate in an increasingly secure environment for telecom players. The group's technological assets offer immediate fintech services with zero credit risk, thanks to the integrations developed to allow all operators to work in a reliable and guaranteed ecosystem. Its platform, Airtime Exchange, has made it possible, through blockchain technology, to eliminate cyber fraud by reconciling transactions in real time and to create a liquidity pool mechanism. Another mechanism allows small and large operators, through a supply chain financing system, to access business opportunities that would otherwise be out of reach for small operators, by financially supporting the transactions. To further the company's growth, Airtime has taken the following actions:
Orlando Taddeo, CEO of Airtime Partecipazioni SpA sees a continued bright future "We live at a time when the volume of telecommunications traffic has grown enormously. With our Airtime Exchange platform we have created an ecosystem that brings together operators from all over the world. They buy and sell voice and SMS termination services through innovative technologies that enable real-time transactions with the highest security standards. With the development of integrated financial systems, we offer real time payment methods that have completely eliminated credit risk. We have shown to partners and clients our drive, which starts now being recognised by shareholders : we will continue to build value."
Upcoming events Publication of full year financial report: April 28, 2022, after market close.
More about Airtime (https://www.airtimepartecipazioni.com/) Airtime is listed on Euronext Growth Paris (ISIN: IT0005450819) More about Orlando Taddeo During the boom years of VoIP (Voice over Internet Protocol) technology, Taddeo moved to the United States to launch Limecom Inc. in Miami ; the company was sold in 2015 to Nasdaq-listed Cuentas Inc. At the time of its sale, Limecom Inc was positioned at the top of the voice and SMS wholesale market with more than USD 600 million in annual sales. In 2016, Taddeo returned to Europe and founded Heritage Ventures in Dublin, an Ireland-based investment company that identifies, invests in and supports promising start-ups in technology industries. Part of the portfolio includes Optimize, a fintech company that provides technological and innovative financial solutions in the telco world, 4U Italia SpA, a leading company in the teleselling sector and undisputed leader in the world of utilities, Reload SpA, a system integrator and R&D center with thirty years of history. Airtime Partecipazioni is a subsidiary of Heritage Ventures, to which the assets of Airtime Exchange were contributed, and the start of the listing process in Paris on Euronext Growth, the main financial market in the Eurozone. Taddeo joined the Trade & Investment task force of the B20 (www.b20indonesia2022.org), the global business community of the official G20 forum which will be held in Indonesia in 2022. More about Gianluca Granero He exploited Linux and open source to create one of the first user communities in 1999, monetising with advertising. After selling to Doubleclick (now Google), he founded and managed Memopal, a cloud storage service, sold in 2016 to a London-listed company, of which he became CTO. As an angel investor, partner in a VC seed fund, Chairman or CTO, he participates in the life of start-ups ranging from IoT (patenting an anti-lost child care system), to food delivery, virtual telephone switchboards, and cloud. More about Matchcom can be found at (http://matchcoms.com/) More about Phonetime can be found at (http://www.phonetime.com/#about)
Contacts Investor Relations Antoine Loudenot, Citigate Dewe Rogerson
Regulatory filing PDF file File: 6 months of sustained growth for Airtime Partecipazioni |
Language: | English |
Company: | Airtime Partecipazioni S.p.A. |
Via di Affogalasino, 105 | |
00148 Rome | |
Italy | |
E-mail: | [email protected] |
Internet: | https://www.airtimepartecipazioni.com/ |
ISIN: | IT0005450819 |
Euronext Ticker: | |
AMF Category: | Inside information / Other releases |
EQS News ID: | 1295271 |
End of Announcement | EQS News Service |
1295271 04-March-2022 CET/CEST