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Bango PLC’s Ray Anderson looking forward to 5G as business fires on all cylinders

Ray Anderson says mobile commerce group Bango PLC had a great first half to the year but there is more to come going forward.

User spend, the key metric for the business, doubled again and Anderson is confident it can maintain the trend again over the full year.

Bango also made an underlying profit in the second quarter, while the products available on its new marketplace platform jumped to 55 from five.

The introduction of 5G will be another boost as Anderson believes this will spur the growth of virtual and augmented reality games and other services because of its speed.

“ There are lots of things happening”.

Quick facts: Bango PLC

Price: 146 GBX

Market: LSE
Market Cap: £108.64 m

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