GlobeX Data signs agreement for a distribution deal in Sri Lanka with Dialog Broadband Networks (Private) Limited

GlobeX Data Ltd. (OTCQB:SWISF) (CSE:SWIS) (FRA:GDT) said it has signed agreement for a distribution deal in Sri Lanka with Dialog Broadband Networks (Private) Limited, part of Sri Lanka based Dialog Axiata PLC, itself part of Malaysia-based telecom giant Axiata Group Berhad. Dialog Axiata PLC, is one of Sri Lanka's largest telecommunications service providers, and the country's largest mobile network operator with 14.9 million subscribers which amounts to 57% of the Sri Lankan mobile market. Axiata Group Berhad (AXIATA) commonly known as Axiata, formerly known as TM International Berhad, is a publicly-traded Malaysian multinational telecommunications conglomerate with extensive operations in Asia and is one of the largest wireless carriers in Malaysia. According to Axiata's corporate website, Axiata Group has 150 million subscribers, making it one of Asia's largest networks, covering Malaysia, Indonesia, Sri Lanka, Bangladesh, Cambodia, Nepal, Myanmar, Thailand, and Pakistan. Alain Ghiai, CEO of GlobeX Data said: "We are very happy to have signed this distribution agreement with Dialog Axiata's, Dialog Broadband Networks. It is groundbreaking as Axiata is a telecom giant serving the Indo-Pacific, Asian and ASEAN regions of the globe. This is the region where commerce is growing the most in the coming decade and GlobeX is now ready to serve customers in the entire region, through its partnership with Dialog Axiata first, and eventually as we grow in Sri Lanka, growing to other countries of the Axiata Group." READ: GlobeX Data receives final approval from South Asian telecoms operator for Sekur distribution deal The GlobeX Data CEO added: "As this is our second telecom operator we are signing up, after Latin America's América Móvil, we are now on a path to work with leading telecom operators globally. The Dialog Axiata agreement plots the course for continued growth in the fastest growing Emerging Markets, as we push our leading Internet privacy and secure communications platform Sekur. As we are not connected, and never have been connected, to AWS, Microsoft Azure or Google Cloud platforms, commonly referred to as 'Big Tech', we can offer a truly independent, private and secure means of communications through secure messaging, secure voice record transfer and secure email and secure video conferencing, through our proprietary technology and our secure servers based in Switzerland." "With the latest SolarWinds hack of Microsoft Exchange platform and other platforms associated with it, and the new WhatsApp rules to share all users' data with Facebook, we have seen a surge in demand and inquiries for our secure and private communications solutions. Security and privacy are becoming a global concern, and we are looking forward to provide Swiss privacy and protection to all users of the Dialog Axiata group of companies," Ghiai concluded. The terms of the distribution agreement are based on a revenue-share model where all sales revenues are shared among the telecom operator and the company. Both the company and the telecom operators sign strict non-disclosure agreements and details of the terms need to remain confidential. The term of the distribution agreement is set for one year, commencing on the effective date of the signed agreement and may thereafter be automatically renewed on a yearly basis unless, under the same renewal terms basis unless terminated by either party with 60 days written notice before termination. If either party breaches a material provision of this agreement, the other party may immediately terminate this agreement upon written notice to the other party. GlobeX already has an agreement in place with América Móvil the 7th largest telecom in the world, and largest in Latin America, as announced on October 13 2020, and this would be the second telecom conglomerate it would sign up in the emerging markets. Ghiai was recently featured in an Interview in Cybersecurity Asean, based in Malaysia, as the region has suffered some disastrous damage due to cyber-attacks as Southeast Asia remains a hotspot for cyber-attacks according to this article from Computer Weekly, especially in the wake of the coronavirus (COVID-19) pandemic, as many medical and financial records have been stolen by cybercriminals. GlobeX Data is a cybersecurity and Internet privacy provider of Swiss hosted solutions for secure data management and secure communications. It distributes a suite of secure communications, encrypted e-mails and messaging, secure cloud-based storage, disaster recovery, document management tools. The company. sells its products through its approved wholesalers and distributors, and telecommunications companies and serves consumers, businesses and governments worldwide. GlobeX's Data privacy solutions are all hosted in Switzerland, protecting users' data from any outside data intrusion requests. In Switzerland, the right to privacy is guaranteed in article 13 of the Swiss Federal Constitution. The Federal Act on Data Protection of 19 June 1992 (in force since 1993) has set up a strict protection of privacy by prohibiting virtually any processing of personal data which is not expressly authorized by the data subjects. The protection is subject to the authority of the Federal Data Protection and Information Commissioner. Under Swiss federal law, it is a crime to publish information based on leaked "secret official discussions." In 2010 the Federal Supreme Court of Switzerland found that IP addresses are personal information and that under Swiss privacy laws they may not be used to track Internet usage without the knowledge of the individuals involved. Contact the author at jon.hopkins@proactiveinvestors.com