Route Mobile - Scale Begets Scale: ICICI Securities
A smartphone displays application icons in an arranged photograph taken in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Route Mobile - Scale Begets Scale: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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:

  1. Network pipe developed with mobile network operators (240 direct relationships),

  2. Firewall-based offering (aids in strengthening mobile network operators-based relationship),

  3. Robust client economics with companies such as Facebook and Google providing strong client referenceability, and

  4. Leadership positioning in regions where Route operates.

Click on the attachment to read the full report:

ICICI Securities Route Mobile Initiating Coverage.pdf

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