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Bango signs agreement with US telecommunications giant Verizon

Bango recently said it had clinched a deal with a "Tier 1" North American telecommunications company

Bango PLC (AIM:BGO) has announced the name of the "Tier 1" North American telecommunications company it recently signed a deal with.

The platform for data-driven commerce said it is US telecommunications giant Verizon Communications Inc. (NYSE:VZ) and it obtained the contract after a competitive bid process.

WATCH: Bango delivers strong rise in first-half revenue as online spending surges

Verizon will deliver all its third-party subscription offers through the Bango Platform.

This kind of partnership allows hundreds of millions of online customers to receive offers for products including Amazon Prime, Prime Video, Netflix, BritBox, Spotify, Pandora Radio, Xbox Game Pass, YouTube TV, all through the Bango Platform.

Bango said in its interim results last week that these deals will be a major factor in its mid- to long-term growth and generate significant recurring revenue.

Shares rose 2% to 222p on Monday at the opening bell.