SPYR (OTCQB:SPYR) Inc, doing business as SPYR (OTCQB:SPYR) Technologies, announced that it is considering entering the mobile virtual network operators (MVNO) market with special mobile phone plans exclusively supporting iPhone users.
The technology company said MVNOs have exploded into the mobile phone space by providing consumers with alternatives to the major carriers’ plans and offerings that are often less expensive.
“We have various relationships that we are exploring to help us with this research of MVNO services, including some former associates that are active in the mobile phone service market,” SPYR (OTCQB:SPYR) Technologies CEO Tim Matula said in a statement.
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“If we decide to pursue this route, it will be fun to see MAGIX as the carrier logo displayed on our iPhones,” Matula added.
SPYR noted that MVNOs are carriers that don’t have their own wireless networks; instead, they piggyback off of another carrier´s platform to provide cellphone coverage through their own phone plans.
SPYR is a technology company that through its subsidiary Applied Magix develops and resells Apple ecosystem-compatible products with an emphasis on the growing multibillion-dollar IoT (Internet of Things) smart home and connected car markets.
The company said it continues to identify and target acquisitions that will grow its footprint in the industry and expand the products it offers consumers, including companies developing artificial intelligence (AI) and smart technology products.
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