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SWIFT TV LTD — Capital/Financing Update 2018
Sep 4, 2018
65874_rns_2018-09-04_7b18d6e9-9b1d-4ab7-9037-261f58bd1124.pdf
Capital/Financing Update
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Wednesday, 5[th] September 2018
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Swift Expands into Vietnam ASX: SW1
HOSPITALITY PARTNER DELIVERS INITIAL 3 RESORTS
Highlights:
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Swift executes 3-year reseller agreement with Vietnamese systems integrator, Sieu Nhat Thanh Co. Ltd.
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Swift’s international expansion accelerated with the immediate deployment of 500 rooms across 3 marquee resorts.
Vietnamese reseller appointed: Leading telecommunications, content and advertising solutions provider Swift Networks Group Limited (ASX: SW1, “Swift” or “the Company”) is pleased to announce that it has executed a reseller agreement with Vietnamese systems integrator, Sieu Nhat Thanh Co. Ltd (commonly known as “SNT”) to provide Swift’s awardwinning hospitality solution to its customers throughout Vietnam.
With over 420,000 hotel rooms, some 75% more than Australia, the Vietnamese tourism industry continues to grow at a phenomenal rate with 20 million inbound tourists expected by 2020, an increase of 100% versus 2016.
500 rooms deployed across 3 resorts: Under the agreement, SNT will resell Swift’s market-leading suite of entertainment and guest connectivity services on a “preferred product” status. The Swift system will be the only product of its kind offered by SNT to its hospitality customers for a period of 3 years.
SNT will immediately deploy Swift’s hospitality IPTV and guest connectivity solutions to 500 rooms across 3 hotels in Vietnam - including two five-star properties: Salinda Resort, Huong Bien Hotel, Phu Quoc Island and La Résidence Hotel and Spa, Hue.
Expanding global reseller network: SNT provides IPTV, digital signage, and communication infrastructure to hospitality and enterprise customers throughout Vietnam and has strong relationships with a significant number of hotel groups and tierone technology providers including Samsung, Panasonic, IBM, Cisco and LG.
SNT joins Swift’s already strong network of resellers across its chosen market verticals of mining, oil and gas, hospitality, aged care, maritime, government and student accommodation both in Australia and around the world.
Swift Networks Group Limited ABN 54 006 222 395 1 Watts Place, Bentley WA 6069
W: www.swiftnetworks.com.au E: [email protected]
P: +61 (8) 6103 7595
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Removing barriers to entry: Swift Networks CEO, Xavier Kris commented,
“We are excited to announce another international deployment of the Swift system, this time to the hospitality market in Vietnam. This most recent win further exemplifies the global applicability and reach of Swift’s market leading content and technology. 27% of inbound tourists to Vietnam come from China, the needs of which Swift is already experienced in addressing in Australia through its content relationship with Future TV, a subsidiary of CCTV, China Central Television.
Significantly, our entry into Vietnam has been achieved without dilution to our pricing strategy or gross margins.
Swift looks forward to continued expansion in the Asia Pacific region, both organically and through respected reseller partners like SNT.”
For more information:
Xavier Kris
Chief Executive Officer +61 8 6103 7595 / [email protected]
Tim Dohrmann
Investor and Media Relations +61 468 420 846 / [email protected]
About Swift Networks Group Limited
Swift Networks Group Limited (ASX: SW1) is a diversified telecommunications, content and advertising solutions provider. Swift empowers guests to watch, play, connect and interact and brings accommodation providers meaningful data insights to drive new business.
Swift delivers customised content, communications and targeted advertising across secure closed networks. Swift’s services include free-to-air television, pay television, telecommunications, video on demand with content from some of Hollywood’s largest studios, integrated advertising and analytics.
Running in more than 330 sites and approximately 65,000 rooms across the mining, oil and gas, aged care, retirement village and hospitality sectors, Swift’s fully integrated platform is deployed in some of the world’s harshest regions, where reliability, flexibility and scalability are critical success factors.
Swift Networks Group Limited ABN 54 006 222 395 1 Watts Place, Bentley WA 6069 W: www.swiftnetworks.com.au E: [email protected] P: +61 (8) 6103 7595 F: +61 (8) 6103 7594
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