Upco International Inc. Announces Corporate Update and the New Business Growth Strategy - Seite 2

This base will be grown through a complementary process of M&A with carefully selected carriers based on revenues and access to different World Telecom Operators.  The expertise and reputations of the management team within the Wholesale market, and their substantial knowledge of associated Key Success Factors will be integral to the overall strategy.

In the Digital Services business unit, position Upco to respond effectively to Digital Transformation by continuing to focus in two key areas: Voice & Data services, and Digital payments & money transfers.  Reliable, cost-effective Voice and Data services (Voip application for calls and chat) will continue to be delivered via the App by grouping these functionalities as UpcoNet.  Digital payments will be accessible via the payment functionalities grouped as UpcoPay, a scalable and extensible platform for A2A push payment transactions, which will evolve over time into an integrated suite of eWallet applications.

Upco’s strategy invokes a four-phase approach as follows: 1) leverage core business capabilities and assets (Wholesale Telecom), 2) reinforce the core business by expanding into related areas (Voice and Data), 3) continue adding value to customers through extended offerings (OTT and UpcoPay), and 4) continued growth leveraging a synergized product mix.  Key elements of the plan are targeted for delivery over a three-year period by 2022.

Mr. Andrea Pagani Chief Executive Officer, Upco International Inc., commented, “Board restructuring, initiated in December 2019, introduced a very substantial depth and breadth of expertise to the senior management team in our core areas of business.  Building on this experience and insight, strategic planning and acquisitions over the past several months have positioned the company not only to respond to rapidly growing opportunities in the Wholesale Telecom and Digital Services sectors, but to assume a leadership role over time.  We feel that we have the right people and the right business model for these dynamic times and are very much looking forward to delivering on our vision.”