Spacetalk Limited announces a pivotal distribution agreement with Finnish mobile operator Elisa, marking its re-entry into the European market.
This partnership will make Spacetalk's products available in 67 Elisa stores and online, with an initial stock intake of 1600 devices and estimated annual sales of 5000.
The expansion is expected to generate hardware revenue and establish a stream of monthly subscription income. Spacetalk views Finland as a strategic launch point due to the market fit for its products and Elisa's distribution network, with an addressable market of 0.9 million 5-18-year-olds.
ASX Code: SPA