uCloudlink and DREAMSCOM bring better data connectivity services to more users in Europe

Rhea-AI Summary

uCloudlink Group Inc (Nasdaq: UCL) announced a partnership with DREAMSCOM in the Netherlands to enhance its presence in Europe. This collaboration aims to distribute uCloudlink's mobile broadband products and services, responding to the growing demand for reliable data connectivity as vaccination rates rise. With travel activity increasing, uCloudlink leverages its CloudSIM technology through its PaaS and SaaS platform, enabling users to access superior data services at competitive prices. This initiative aligns with the company’s strategy to expand its ecosystem across Europe.

Positive

• New partnership with DREAMSCOM to distribute mobile broadband products in the Netherlands.
• Increased travel activity in Europe driving demand for reliable data services.
• Utilization of patented CloudSIM technology to enhance user experience.
• Expansion of PaaS and SaaS platform to improve market reach in Europe.

Negative

• None.

HONG KONG, Oct. 4, 2021 /PRNewswire/ -- uCloudlink Group Inc ("uCloudlink" or the "Company") (Nasdaq: UCL), the world's first and leading mobile data traffic sharing marketplace, has announced it has established a new partnership with DREAMSCOM in the Netherlands. Through this new partnership, uCloudlink expects to further expand its footprint through Europe, as it seeks to help more users with better data connection through its PaaS and SaaS platform.

As part of the partnership, DREAMSCOM will distribute uCloudlink's mobile broadband (MBB) products and related services throughout the Netherlands. With vaccination rates increasing around the world, Europeans are venturing further afield both for business and leisure. New research from ForwardKeys has revealed that international flights to Europe reached around 39.9% of pre-pandemic levels compared to around 26.6% in 2020. Data from MKG Consulting has also revealed a recent increase in hotel activity across the region compared to 2020.

By leveraging its patented CloudSIM technology and HyperConn™ solution through its PaaS and SaaS platform, uCloudlink's MBB products and services enable users to enjoy high-speed and reliable data connectivity services globally. With access to various operators' networks through uCloudlink's PaaS and SaaS platform, users can select better coverage amongst available networks for their location, for a superior user experience at an affordable price.

Europe is one of the world's leading regions for smartphone penetration. As more Europeans demand access to stable and reliable data connectivity services, such as for work, learning and travel, uCloudlink is actively seeking new cooperation with regional partners to expand its PaaS and SaaS ecosystem.

uCloudlink has already established partnerships with business partners, such as in car rental and financial industries in Europe. By combining its asset-light model and innovative technology, with flexible cooperation arrangements, uCloudlink will be able to provide better products and services to business partners and users all over the world.

About UCLOUDLINK GROUP INC.

uCloudlink is the world's first and leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Company's products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative cloud SIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, while providing reliable connectivity, high speeds and competitive pricing.

Contact:
Carina Cheung
carina-pr@ucloudlink.com
(852)21806111

View original content:https://www.prnewswire.com/news-releases/ucloudlink-and-dreamscom-bring-better-data-connectivity-services-to-more-users-in-europe-301388480.html

SOURCE UCLOUDLINK GROUP INC.

FAQ

What is uCloudlink's recent partnership about?

uCloudlink has partnered with DREAMSCOM to distribute its mobile broadband products in the Netherlands.

How does the partnership with DREAMSCOM benefit uCloudlink?

The partnership helps uCloudlink expand its footprint in Europe and meet the increasing demand for reliable data connectivity services.

What technology does uCloudlink use to improve data services?

uCloudlink utilizes its patented CloudSIM technology and HyperConn™ solutions through its PaaS and SaaS platform.

What is uCloudlink's approach to expanding its services in Europe?

uCloudlink aims to establish new partnerships and leverage its asset-light model to provide better products and services.

What market trend is influencing uCloudlink's expansion efforts?

An increase in vaccination rates and recovery in international travel is driving demand for stable data connectivity services in Europe.