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ICICI Securities Report
As communication channels of enterprises evolve from disparate application-to-person based messaging system to communications platform as a service-based communication (total available market to grow ~30% in medium term), we believe Route Mobile Ltd. is favourably placed to benefit from industry tailwinds.
Key strengths of the company include:
Network pipe developed with mobile network operators (240 direct relationships),
Firewall-based offering (aids in strengthening mobile network operators-based relationship),
Robust client economics with companies such as Facebook and Google providing strong client referenceability, and
Leadership positioning in regions where Route operates.
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