Telstra (ASX:TLS) to sell Spacetalk (ASX:SPA) Adventurer devices
Telstra (ASX:TLS) will soon sell Spacetalk (ASX:SPA) Adventurer devices across all its retail stores and online channels in Australia.
ASX listed Spacetalk developed the Adventurer range of all-in-one smartphone GPS watches for children to provide secure media consumption with device control functionalities for the guardian.
The devices will be available to purchase outright, or on a Telstra hardware repayment plan, with the product launch targeted for April 2021.
Telstra is working with Spacetalk to build a monthly SIM service plan specifically for Spacetalk devices which will simplify the offering and allow Telstra to add new mobile service subscribers to its network.
Spacetalk (ASX:SPA) also announced this morning that it has entered into an agreement with PURE Asset Management to provide Spacetalk access to a loan facility of up to $5 million – made up of a $3 million term loan facility and a $2 million bridging facility.
Shares in Telstra Corporation (ASX:TLS) are trading 0.78 per cent lower at $3.17.
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Source: Finance News Network