KUALA LUMPUR, June 12 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to Hong Kong’s SAIC Motor Insurance Limited (SAIC Captive).
The outlook assigned to these credit ratings (ratings) is stable, reflecting SAIC Captive’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Established in 2025, SAIC Captive is a single-parent captive of SAIC Motor Corporation Limited (SAIC Motor), the largest state-owned motor manufacturer in China, and serves as its dedicated risk management and insurance arm.
According to AM Best in a statement, SAIC Motor is majority owned by Shanghai Automotive Industry (Group) Co Ltd (SAIC Group), the ultimate parent, which is wholly owned by the Shanghai municipal government.
During its start-up phase, SAIC Captive is primarily focused on underwriting individual motor liabilities for SAIC Motor-produced vehicles, including motor extended warranty, product replacement coverage and expense reimbursement insurance, while prudently retaining group-related commercial risks.
AM Best said SAIC Captive's very strong balance sheet strength assessment is supported by its initial capital of US$49 million and risk-adjusted capitalisation, as measured by Best's Capital Adequacy Ratio, which is projected to remain at the strongest level under its initial five-year plan from 2026 to 2030. (US$1=RM4.05)
The credit rating agency attributed this to low underwriting leverage, a prudent investment portfolio, strong liquidity and appropriate reinsurance arrangements.
SAIC Captive projects moderate underwriting losses during its early years due to start-up expenses but expects a turnaround within the first five years of operation. The company also expects its bottom line to be supported largely by investment income, generating an average mid- to low-single-digit return on capital and surplus over the next five years.
AM Best said SAIC Captive's operational and business execution risks are manageable and are partially offset by the company's management experience, underwriting expertise and accumulated data from its key business lines.
-- BERNAMA
Friday, 12 June 2026
AM BEST RATES EXCELLENT CREDIT RATINGS FOR HONG KONG’S SAIC CAPTIVE
SOLUM SHOWCASES SMART RETAIL SOLUTIONS, PARTNERSHIPS IN SOUTHEAST ASIA
 |
| SOLUM introduced its local partnership models in Singapore (Image: SOLUM) |
KUALA LUMPUR, June 12 (Bernama) -- SOLUM has held its "Singapore Private Show", showcasing smart retail solutions and partnership models tailored to the Southeast Asian market as it seeks to expand its regional presence.
The company said the event brought together retailers and solution providers from sectors including grocery, shopping malls, convenience stores, cosmetics and electronics to explore technologies aimed at improving monetisation, operational efficiency and artificial intelligence (AI)-driven transformation.
According to SOLUM in a statement, the showcase highlighted collaborations with five partners — Huawei APAC, Omnishelf, NStory, elTOV and Broadsign — to support retailers through digitalisation and data-driven services.
SOLUM Singapore Head, Yi Ki Chul said the company has established a collaborative framework combining its operational capabilities with the local data and infrastructure expertise of its partners.
He said proven references are an important competitive factor in the Southeast Asian market and that the company aims to convert proof-of-concept discussions from the event into practical deployments in retail operations.
In the area of monetisation, SOLUM said it is working with Broadsign to help retailers generate new revenue streams through in-store advertising, while collaboration with NStory focuses on data-driven monetisation strategies for the food and beverage and small and medium-sized business segments.
To improve operational efficiency, the company has jointly developed a Bluetooth Low Energy (BLE)-based network environment with Huawei APAC to support Internet of Things (IoT) devices, including Electronic Shelf Labels (ESL), and integrated its platform with Omnishelf to enable real-time shelf inventory digitisation.
SOLUM is also supplying hardware to elTOV to support the development of an AI-powered wayfinding service model for shopping malls and airports, reflecting growing adoption of AI-based visitor engagement services in Southeast Asia.
-- BERNAMA
Bitget Makes Professional US Stock Market Data Free
VICTORIA, Seychelles, June 12 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), has introduced free Level 2 market data for US stocks, becoming one of the first trading platforms to offer professional-grade market depth information to eligible users at no additional cost.
Level 2 market data has historically been associated with professional trading desks and institutional participants due to the cost of exchange data licensing. By making these tools available to eligible users at no additional cost, Bitget is lowering one of the longstanding barriers between retail and professional market access, while providing deeper visibility into order flow and liquidity conditions.
The feature provides access to Nasdaq TotalView and Blue Ocean market data feeds, offering up to 40 levels of bid and ask depth, depth charts, and real-time trade information across US pre-market, regular trading hours, after-hours, and overnight sessions. Eligible users who qualify for VIP 1 through trading volume or VIP 3 through asset holdings can access the service free of charge, amounting to annual savings of up to $276 compared with traditional market data subscriptions.
The launch follows the announcement of Bitget's Stocks 2.0, which has expanded access to equities, ETFs, stock perpetuals, tokenized assets, and multi-asset trading tools. As the lines between crypto and traditional markets continue to blur, traders increasingly expect the same level of market intelligence and execution tools regardless of asset class.
“Crypto makes financial opportunities more open and accessible,” said Gracy Chen, CEO of Bitget. “In traditional markets, data and insights come at a premium. We’re eradicating that by making professional grade stock market data available to our users, who can now access tools that were once limited to a small segment of the market.”
This further expands Bitget's Universal Exchange vision, where crypto assets and tokenized financial instruments live together, operating within a unified trading environment. By combining professional-grade market infrastructure with multi-asset access, Bitget continues building toward a trading experience where users can navigate global markets from a single platform.
For more information, visit here.
About Bitget
Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6d83c5a1-52e2-4800-bed7-53748ef2b0d9
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Level 2 market data has historically been associated with professional trading desks and institutional participants due to the cost of exchange data licensing. By making these tools available to eligible users at no additional cost, Bitget is lowering one of the longstanding barriers between retail and professional market access, while providing deeper visibility into order flow and liquidity conditions.
The feature provides access to Nasdaq TotalView and Blue Ocean market data feeds, offering up to 40 levels of bid and ask depth, depth charts, and real-time trade information across US pre-market, regular trading hours, after-hours, and overnight sessions. Eligible users who qualify for VIP 1 through trading volume or VIP 3 through asset holdings can access the service free of charge, amounting to annual savings of up to $276 compared with traditional market data subscriptions.
The launch follows the announcement of Bitget's Stocks 2.0, which has expanded access to equities, ETFs, stock perpetuals, tokenized assets, and multi-asset trading tools. As the lines between crypto and traditional markets continue to blur, traders increasingly expect the same level of market intelligence and execution tools regardless of asset class.
“Crypto makes financial opportunities more open and accessible,” said Gracy Chen, CEO of Bitget. “In traditional markets, data and insights come at a premium. We’re eradicating that by making professional grade stock market data available to our users, who can now access tools that were once limited to a small segment of the market.”
This further expands Bitget's Universal Exchange vision, where crypto assets and tokenized financial instruments live together, operating within a unified trading environment. By combining professional-grade market infrastructure with multi-asset access, Bitget continues building toward a trading experience where users can navigate global markets from a single platform.
For more information, visit here.
About Bitget
Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6d83c5a1-52e2-4800-bed7-53748ef2b0d9
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Thursday, 11 June 2026
AERIS WINS CONNECTIVITY LEADER AWARD AT AUTOTECH AWARDS 2026
KUALA LUMPUR, June 11 (Bernama) -- Aeris, a global leader in wireless management platforms, security services, and connected vehicle programmes, has won the Connectivity Leader Award at the AutoTech Awards 2026.
The award recognises leaders in automotive connectivity and innovation that enhance vehicle integration and the driver experience. Aeris was honoured for advancing connected mobility through its ability to simplify management, enhance security and optimise performance at scale.
As the unifying platform for automotive ecosystems worldwide, Aeris' connectivity management platform (CMP) powers more than 30 automotive original equipment manufacturers (OEMs) through its tier-one mobile network operator (MNO) partners, supporting more than 41 million connected vehicles across 180 countries.
“We are deeply honoured to receive this recognition from AutoTech. The connected vehicle ecosystem is complex. It is challenging to manage a sprawling global fleet across multiple carriers while keeping pace with growing applications and unseen risks.
“Aeris gives auto OEMs a single pane of glass to manage the integration of global connectivity, security, and vehicle services, enhanced with agentic AI, so they can focus on delivering exceptional experiences to their customers,” said its Chief Executive Officer, Aziz Benmalek in a statement.
Aeris said its platform helps OEMs and fleet operators improve operational observability and analytics across the connected vehicle ecosystem, while enabling earlier issue detection and faster response through proactive monitoring, cross-service correlation, over-the-air (OTA) assurance and fleet control strategies.
The platform also strengthens security across connected fleets through zero-trust policy enforcement, delivers connected experiences at scale across automotive Internet of Things (IoT) use cases, and provides next-generation connectivity through 5G Standalone (SA) communications.
-- BERNAMA
The award recognises leaders in automotive connectivity and innovation that enhance vehicle integration and the driver experience. Aeris was honoured for advancing connected mobility through its ability to simplify management, enhance security and optimise performance at scale.
As the unifying platform for automotive ecosystems worldwide, Aeris' connectivity management platform (CMP) powers more than 30 automotive original equipment manufacturers (OEMs) through its tier-one mobile network operator (MNO) partners, supporting more than 41 million connected vehicles across 180 countries.
“We are deeply honoured to receive this recognition from AutoTech. The connected vehicle ecosystem is complex. It is challenging to manage a sprawling global fleet across multiple carriers while keeping pace with growing applications and unseen risks.
“Aeris gives auto OEMs a single pane of glass to manage the integration of global connectivity, security, and vehicle services, enhanced with agentic AI, so they can focus on delivering exceptional experiences to their customers,” said its Chief Executive Officer, Aziz Benmalek in a statement.
Aeris said its platform helps OEMs and fleet operators improve operational observability and analytics across the connected vehicle ecosystem, while enabling earlier issue detection and faster response through proactive monitoring, cross-service correlation, over-the-air (OTA) assurance and fleet control strategies.
The platform also strengthens security across connected fleets through zero-trust policy enforcement, delivers connected experiences at scale across automotive Internet of Things (IoT) use cases, and provides next-generation connectivity through 5G Standalone (SA) communications.
-- BERNAMA
SMARTSTREAM CUTS CTSL RECONCILIATION TIME TO UNDER FIVE MINUTES
KUALA LUMPUR, June 11 (Bernama) -- Smartstream, a data solutions provider, announced that Comrade Trustee Services Limited (CTSL) has gone live with Smartstream’s Air, the artificial intelligence (AI) reconciliation and data automation solution, reducing processing times from eight hours to under five minutes.
In a statement, Smartstream said the implementation delivers a fully automated, straight-through reconciliation workflow, enabling CTSL to improve operational efficiency, accuracy and auditability.
“This go-live demonstrates how AI-driven data automation can address complex data structures and file formats, delivering measurable efficiency gains and improved accuracy. We look forward to continuing our partnership with CTSL as their needs evolve,” said Smartstream Regional Director, APAC, Radha Pillay.
Meanwhile, Comrade Trustee Services General Manager Member Services, Freddy Manihoru said moving to Smartstream’s Air had transformed the company's reconciliation processes.
“What was previously a highly manual and complex process is now fully automated, enabling us to accurately manage our members' contributions and ensure that no contributions are missed or inconsistent,” he said.
According to Smartstream, CTSL operates in a complex data environment, reconciling multiple file types, including fixed-length files and PDFs that require advanced matching logic.
CTSL adopted Air for its ability to handle diverse data structures, custom integrations and ETL-based transformations, delivering high automation and match rates while replacing manual data collection and Excel pre-processing.
Smartstream said Air uses AI to automate reconciliations, improve match rates and provide full auditability across complex and high-volume data environments, supporting scalability, control and operational resilience.
-- BERNAMA
In a statement, Smartstream said the implementation delivers a fully automated, straight-through reconciliation workflow, enabling CTSL to improve operational efficiency, accuracy and auditability.
“This go-live demonstrates how AI-driven data automation can address complex data structures and file formats, delivering measurable efficiency gains and improved accuracy. We look forward to continuing our partnership with CTSL as their needs evolve,” said Smartstream Regional Director, APAC, Radha Pillay.
Meanwhile, Comrade Trustee Services General Manager Member Services, Freddy Manihoru said moving to Smartstream’s Air had transformed the company's reconciliation processes.
“What was previously a highly manual and complex process is now fully automated, enabling us to accurately manage our members' contributions and ensure that no contributions are missed or inconsistent,” he said.
According to Smartstream, CTSL operates in a complex data environment, reconciling multiple file types, including fixed-length files and PDFs that require advanced matching logic.
CTSL adopted Air for its ability to handle diverse data structures, custom integrations and ETL-based transformations, delivering high automation and match rates while replacing manual data collection and Excel pre-processing.
Smartstream said Air uses AI to automate reconciliations, improve match rates and provide full auditability across complex and high-volume data environments, supporting scalability, control and operational resilience.
-- BERNAMA
SMARTSTREAM CUTS CTSL RECONCILIATION TIME TO UNDER FIVE MINUTES
KUALA LUMPUR, June 11 (Bernama) -- Smartstream, a data solutions provider, announced that Comrade Trustee Services Limited (CTSL) has gone live with Smartstream’s Air, the artificial intelligence (AI) reconciliation and data automation solution, reducing processing times from eight hours to under five minutes.
In a statement, Smartstream said the implementation delivers a fully automated, straight-through reconciliation workflow, enabling CTSL to improve operational efficiency, accuracy and auditability.
“This go-live demonstrates how AI-driven data automation can address complex data structures and file formats, delivering measurable efficiency gains and improved accuracy. We look forward to continuing our partnership with CTSL as their needs evolve,” said Smartstream Regional Director, APAC, Radha Pillay.
Meanwhile, Comrade Trustee Services General Manager Member Services, Freddy Manihoru said moving to Smartstream’s Air had transformed the company's reconciliation processes.
“What was previously a highly manual and complex process is now fully automated, enabling us to accurately manage our members' contributions and ensure that no contributions are missed or inconsistent,” he said.
According to Smartstream, CTSL operates in a complex data environment, reconciling multiple file types, including fixed-length files and PDFs that require advanced matching logic.
CTSL adopted Air for its ability to handle diverse data structures, custom integrations and ETL-based transformations, delivering high automation and match rates while replacing manual data collection and Excel pre-processing.
Smartstream said Air uses AI to automate reconciliations, improve match rates and provide full auditability across complex and high-volume data environments, supporting scalability, control and operational resilience.
-- BERNAMA
In a statement, Smartstream said the implementation delivers a fully automated, straight-through reconciliation workflow, enabling CTSL to improve operational efficiency, accuracy and auditability.
“This go-live demonstrates how AI-driven data automation can address complex data structures and file formats, delivering measurable efficiency gains and improved accuracy. We look forward to continuing our partnership with CTSL as their needs evolve,” said Smartstream Regional Director, APAC, Radha Pillay.
Meanwhile, Comrade Trustee Services General Manager Member Services, Freddy Manihoru said moving to Smartstream’s Air had transformed the company's reconciliation processes.
“What was previously a highly manual and complex process is now fully automated, enabling us to accurately manage our members' contributions and ensure that no contributions are missed or inconsistent,” he said.
According to Smartstream, CTSL operates in a complex data environment, reconciling multiple file types, including fixed-length files and PDFs that require advanced matching logic.
CTSL adopted Air for its ability to handle diverse data structures, custom integrations and ETL-based transformations, delivering high automation and match rates while replacing manual data collection and Excel pre-processing.
Smartstream said Air uses AI to automate reconciliations, improve match rates and provide full auditability across complex and high-volume data environments, supporting scalability, control and operational resilience.
-- BERNAMA
Tuesday, 9 June 2026
Mavenir and TextNow Win Best MVNO and Industry Collaboration at MVNOs World Awards
Award-winning collaboration delivers transformative results: eSIM activations surge from 2% to 94% in six months and paid subscribers more than double year-over-year
RICHARDSON, Texas and WATERLOO, Ontario, June 9 (Bernama-GLOBE NEWSWIRE) -- Mavenir, the software company building mobile networks that are AI-by-design, and TextNow, the leading ad-supported U.S. free wireless service, have been jointly awarded Best MVNO and Industry Collaboration at the MVNOs World Awards in Amsterdam. The award recognizes the pair's collaboration to redefine real-time entitlement control for a freemium, ad-supported, and paid mobile service operating at scale across the United States and Canada.
TextNow serves more than 10 million monthly active users, many moving fluidly between freemium, ad-supported, time-bound, and paid plans within the same day. Sustaining that flexibility at scale, consistent, real-time service enforcement, demanded a fundamentally different approach to MVNO architecture.
Mavenir's integrated BSS, Converged Charging System (CCS), Packet Core, and IMS were deployed as a unified control plane, repositioning CCS as the real-time entitlement authority driving network behavior rather than a back-office billing platform. Entitlement changes including ad engagement, SIM activation, plan upgrades and quota exhaustion are now enforced instantly in the network, without manual reconciliation or delayed synchronization. The business impact has been transformative: eSIM activations grew from 2% to 94% of all new activations within six months of deployment, while paid wireless subscribers more than doubled year over year.
Derek Ting, CEO of TextNow: "We exist to prove reliable wireless service doesn't have to be expensive. Mavenir's integrated platform gave us real-time control over every aspect of the customer experience, from instant eSIM activation to seamless transitions between free and paid plans, while fundamentally improving our unit economics at scale. This award validates the architecture, but what matters most is what it unlocks: the ability to keep pushing the boundaries of what a free wireless service can deliver to millions of customers."
The deployment, built on a 5G-first, active-active geo-redundant design, delivers 99.999% availability for carrier-grade operations. A no-code and low-code configuration model has accelerated time-to-market by decoupling offer creation from engineering cycles, while direct SIM ownership enabled eSIM adoption and materially improved the customer activation journey by allowing new subscribers to activate service instantly, entirely within the app.
Pardeep Kohli, Chief Executive Officer, Mavenir: "This award is a testament to what becomes possible when BSS and Core are truly integrated. TextNow pushed the boundaries of what an MVNO can be, and Mavenir's architecture rose to meet that ambition. Together, we proved that cloud-native, open network software is not just viable for complex digital MVNOs - it is the enabler."
The MVNOs World Awards, organized by Informa in Amsterdam, recognizes excellence across the virtual network operator industry. The Best MVNO and Industry Collaboration category honors partnerships that demonstrate measurable impact through joint innovation.
About Mavenir
Mavenir is enabling intelligent, automated, programmable networks through the development of telco-first, cloud-native, AI-by-design software solutions for mobile operators. The company's deep telco domain expertise has been proven through deployments with 300+ operators globally in over 120 countries, which together serve more than 50% of the world's subscribers. Mavenir combines its deep telco experience with the cloud and IT expertise and data science skillsets essential to solving real customer challenges. Its proven software solutions are AI by design, delivering the AI-native future and operators' evolution to TechCos. For more information, please visit www.mavenir.com.
About TextNow
Founded in Waterloo, Ontario in 2009, TextNow is the largest ad-supported free wireless service in the United States, built on the belief that phone service should be more flexible, accessible and affordable for everyone. TextNow delivers wireless service through an app, giving customers unlimited talk and text, free data for 25+ apps and access to the same 5G network as the major carriers. Those who need more can add wireless data on their own terms by the day, week, or month, and remove ads with the Unlimited Plan. For more information, visit textnow.com or find us free in the App Store and Google Play.
Press Contacts
Mavenir
Emmanuela Spiteri | PR@mavenir.com
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/6532001f-d1bc-4121-9af4-dfb4b1e2e633
SOURCE: Mavenir Systems, Inc.
RICHARDSON, Texas and WATERLOO, Ontario, June 9 (Bernama-GLOBE NEWSWIRE) -- Mavenir, the software company building mobile networks that are AI-by-design, and TextNow, the leading ad-supported U.S. free wireless service, have been jointly awarded Best MVNO and Industry Collaboration at the MVNOs World Awards in Amsterdam. The award recognizes the pair's collaboration to redefine real-time entitlement control for a freemium, ad-supported, and paid mobile service operating at scale across the United States and Canada.
TextNow serves more than 10 million monthly active users, many moving fluidly between freemium, ad-supported, time-bound, and paid plans within the same day. Sustaining that flexibility at scale, consistent, real-time service enforcement, demanded a fundamentally different approach to MVNO architecture.
Mavenir's integrated BSS, Converged Charging System (CCS), Packet Core, and IMS were deployed as a unified control plane, repositioning CCS as the real-time entitlement authority driving network behavior rather than a back-office billing platform. Entitlement changes including ad engagement, SIM activation, plan upgrades and quota exhaustion are now enforced instantly in the network, without manual reconciliation or delayed synchronization. The business impact has been transformative: eSIM activations grew from 2% to 94% of all new activations within six months of deployment, while paid wireless subscribers more than doubled year over year.
Derek Ting, CEO of TextNow: "We exist to prove reliable wireless service doesn't have to be expensive. Mavenir's integrated platform gave us real-time control over every aspect of the customer experience, from instant eSIM activation to seamless transitions between free and paid plans, while fundamentally improving our unit economics at scale. This award validates the architecture, but what matters most is what it unlocks: the ability to keep pushing the boundaries of what a free wireless service can deliver to millions of customers."
The deployment, built on a 5G-first, active-active geo-redundant design, delivers 99.999% availability for carrier-grade operations. A no-code and low-code configuration model has accelerated time-to-market by decoupling offer creation from engineering cycles, while direct SIM ownership enabled eSIM adoption and materially improved the customer activation journey by allowing new subscribers to activate service instantly, entirely within the app.
Pardeep Kohli, Chief Executive Officer, Mavenir: "This award is a testament to what becomes possible when BSS and Core are truly integrated. TextNow pushed the boundaries of what an MVNO can be, and Mavenir's architecture rose to meet that ambition. Together, we proved that cloud-native, open network software is not just viable for complex digital MVNOs - it is the enabler."
The MVNOs World Awards, organized by Informa in Amsterdam, recognizes excellence across the virtual network operator industry. The Best MVNO and Industry Collaboration category honors partnerships that demonstrate measurable impact through joint innovation.
About Mavenir
Mavenir is enabling intelligent, automated, programmable networks through the development of telco-first, cloud-native, AI-by-design software solutions for mobile operators. The company's deep telco domain expertise has been proven through deployments with 300+ operators globally in over 120 countries, which together serve more than 50% of the world's subscribers. Mavenir combines its deep telco experience with the cloud and IT expertise and data science skillsets essential to solving real customer challenges. Its proven software solutions are AI by design, delivering the AI-native future and operators' evolution to TechCos. For more information, please visit www.mavenir.com.
About TextNow
Founded in Waterloo, Ontario in 2009, TextNow is the largest ad-supported free wireless service in the United States, built on the belief that phone service should be more flexible, accessible and affordable for everyone. TextNow delivers wireless service through an app, giving customers unlimited talk and text, free data for 25+ apps and access to the same 5G network as the major carriers. Those who need more can add wireless data on their own terms by the day, week, or month, and remove ads with the Unlimited Plan. For more information, visit textnow.com or find us free in the App Store and Google Play.
Press Contacts
Mavenir
Emmanuela Spiteri | PR@mavenir.com
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/6532001f-d1bc-4121-9af4-dfb4b1e2e633
SOURCE: Mavenir Systems, Inc.
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