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Long suffering shareholders in Mirada (LON:MIRA) had something to cheer after the audio-visual content interaction specialist announced the signing of a partnership agreement with the global technology and consulting company Indra. Under the deal Indra will act as a global reseller of Mirada’s digital TV products, with initial activities already underway in South East Asia.
Indra had been seeking a digital TV partner to complement the product and services portfolio it provides to telecoms and media operators as prime contractor. Mirada said that it had been selected owing to the scalability and advanced capabilities of its Iris Multiscreen product, which can be offered to both low and high-volume operators, as well as serve different tiers of their subscribers in terms of revenues. The partnership provides the potential for Mirada to greatly increase its geographic reach in terms of sales and marketing.
In September this year Mirada announced that net losses for the year to March 2018 were reduced from $7.1 million to $4.87 million. By 13:00 GMT the shares had risen by 18% to 0.825p.