uCloudlink Expands Footprint in Europe with New Lions Den Rental Corp Partnership

Rhea-AI Summary

UCLOUDLINK GROUP INC. (NASDAQ: UCL) has partnered with Lions Den Rental Corp Ltd., a UK-based Internet services provider, to enhance its presence in Europe. This collaboration focuses on developing mobile broadband business opportunities, with Lions Den promoting uCloudlink's connectivity services while receiving after-sales support. This agreement underlines uCloudlink's strategy to expand its asset-light model and improve user experience. The company has previously established partnerships in Europe, including a significant investment in iQsim, and aims to strengthen its global ecosystem during the 5G cloud era.

Positive

• Partnership with Lions Den supports expansion in European market.
• Lions Den to promote uCloudlink's mobile broadband services, enhancing visibility.
• Previous investment in iQsim strengthens uCloudlink's offerings.
• Commitment to expand PaaS and SaaS ecosystem for better connectivity.

Negative

• None.

HONG KONG, June 1, 2021 /PRNewswire/ -- UCLOUDLINK GROUP INC. (NASDAQ: UCL, "uCloudlink"), the world's first and leading mobile data traffic sharing marketplace, has inked a partnership with Lions Den Rental Corp Ltd. ("Lions Den"), a global Internet services provider in the United Kingdom. With an expanding footprint in Europe, this agreement supports uCloudlink's ongoing efforts to broaden its business presence across the region and bring high-quality, innovative hyper-connectivity solutions to more users worldwide.

Under the agreement, Lions Den will help uCloudlink develop mobile broadband (MBB) business opportunities in Europe. Lions Den will be responsible for the advertising and promotion of uCloudlink's products and data connectivity services in the U.K., while uCloudlink will support Lions Den with after-sales services for its products.

uCloudlink's latest cooperation demonstrates its ongoing efforts to leverage its asset-light model, PaaS and SaaS platform and ever-growing partner ecosystem to broaden its penetration in the European market. The company is committed to enhancing its user experience as it seeks to bring superior mobile connectivity to more users across the world, while also providing unparalleled value and support for its business partners.

uCloudlink has already established key partnerships with prominent players in the region to support its expansion strategy. Earlier this year, the company invested in iQsim, the leading provider of open virtual SIM (VSIM) platform and VSIM-enabled mobile devices based in France. uCloudlink also has long-standing cooperation agreements with one of the famous car rental companies and one of the international banks in European market. As ideal complement to uCloudlink's patented Cloud SIM technology, such partnerships will facilitate uCloudlink to rapidly expand its PaaS and SaaS ecosystem with mobile network operators and business partners in Europe.

uCloudlink will continue to form alliances and strengthen cooperation with various business partners globally, which will facilitate us to establish the leading technological position of our PaaS and SaaS platform during the 5G cloud era. With a diverse selection of cooperation models available to partners, ranging from product and service distribution and resale to systems integration, the company supports partners to deliver outstanding network connectivity to customers. In future, uCloudlink will continue to enhance its partnerships in Europe and beyond, as it seeks to enhance its global ecosystem and enable the world to connect without limitations.

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.

Carina Cheung
carina-pr@ucloudlink.com

View original content:http://www.prnewswire.com/news-releases/ucloudlink-expands-footprint-in-europe-with-new-lions-den-rental-corp-partnership-301301460.html

SOURCE UCLOUDLINK GROUP INC.

FAQ

What is the purpose of uCloudlink's partnership with Lions Den?

The partnership aims to develop mobile broadband business opportunities in Europe.

How will Lions Den support uCloudlink's expansion in Europe?

Lions Den will be responsible for advertising and promoting uCloudlink's products and services in the UK.

What previous partnerships has uCloudlink established in Europe?

uCloudlink has partnered with prominent players, including an investment in iQsim, a leading open virtual SIM provider.

What technology does uCloudlink use for its services?

uCloudlink utilizes innovative cloud SIM technology to enhance mobile data connectivity.

When was the partnership with Lions Den announced?

The partnership was announced on June 1, 2021.