Salient elements of the Upco model are as follows:
- Re-align current activities into discrete business units based on target sector: one for
Wholesale Telecom and one for Digital Services.Wholesale Telecom will be coordinated by Upco international but managed operationally by dedicated companies that will be encompassed in the Upco group of companies over time. Digital Services will be coordinated through the wholly owned US subsidiary,Upco Systems Inc. , based in New York. This natural division will enhance business focus and activities in the two key areas, while also substantially extending Upco’s focus on the US market. Upco’s new business model will be based on building a Federated Business Platform for the Telco-digital industry. While such platforms are becoming the predominant business model in the digital era, their application to the Telco business is very limited worldwide, and substitute services are gaining momentum. Upco’s model responds to an opportunity to leverage this approach and play a lead role in this new era in the Telco-digital industry. - In the
Wholesale Telecom sector (wholesale voice and SMS, retail voice, data roaming) undertake to become a major player within 3 years. A key focus, referenced above, will be to respond to the trend in theWholesale Telecom industry toward consolidation. Via the Federated Carriers Program (FCP), which is a new aggregation formula “Federation” initiated by Upco, strategic partners (small to medium-sized carriers) will consolidate their market positions into a scalable market force, “Upco International”, that will act as common platform by centrally coordinating processes for all partners. FCP will inherently provide synergies in administration, commercial and technology areas, achieve cost savings, and improve cross-selling capabilities, benefiting member organizations accordingly.
This base will be grown through a complementary process of M&A with carefully selected carriers based on revenues and access to different World Telecom Operators. The expertise and reputations of the management team within the Wholesale market, and their substantial knowledge of associated Key Success Factors will be integral to the overall strategy. - In the Digital Services business unit, position Upco to respond effectively to Digital Transformation by continuing to focus in two key areas: Voice & Data services, and Digital payments & money transfers. Reliable, cost-effective Voice and Data services (Voip application for calls and chat) will continue to be delivered via the App by grouping these functionalities as UpcoNet. Digital payments will be accessible via the payment functionalities grouped as UpcoPay, a scalable and extensible platform for A2A push payment transactions, which will evolve over time into an integrated suite of eWallet applications.
Upco’s strategy invokes a four-phase approach as follows: 1) leverage core business capabilities and assets (
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Forward-Looking Statements
Except for the statements of historical fact, the information contained herein is of a forward-looking nature. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by statements containing forward-looking information. Such factors include continued availability of capital and financing and general economic, market or business conditions.
Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that statements containing forward looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward looking information. Readers should review the risk factors set out in the Company’s Filing Statement as filed on SEDAR.
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