Company
Mobile Tornado Group Plc
LON:MBT
Mobile Tornado Group Plc is a United Kingdom-based provider of convergent, presence-based instant communications. The Company has partnerships with network vendors, such as Nortel, Alcatel, Sony Ericsson, Siemens and T-Systems. Its’ Push-to-Talk Internet protocol radio service (IPRS) technology has been deployed in seven networks worldwide, including Bourdex Telecom, China Mobile, Samoa Telecom, China Unicom and Areeba. Mobile Tornado has partnered with mobile groups, including Alcatel, Sony Ericsson, Siemens, and T-Systems to offer instant messaging service (IMS)-based instant communication solutions. Mobile Tornado is part of the InTechnology Group plc, which is the managed data and communication services group.
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Mobile Tornado slumps as profit and revenue falls
Mobile Tornado shares fell over 18% on Thursday morning
Mobile Tornado sent into a spin by contract delays
The delay of two "significant" contracts into 2020 mean the firm's earnings forecasts for 2019 are now due to fall below market expectations
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