MOKO.mobi signs deal with Telstra

MOKO.mobi (ASX:MKB) announced it had reached an agreement to deploy its mobile social networking platform on Telstra's (ASX:TLS) network

Mobile social networking company, MOKO.mobi (ASX:MKB), has signed a deal to deploy its platform on Telstra's (ASX:TLS) network.

The deal provides MOKO.mobi access to Telstra's 11.5 million mobile customers, and includes integrated links from Telstra's mobile portal to the platform as well as subscription and premium billing.

MOKO.mobi said it expected to begin collecting revenue from the arrangement in the June quarter of 2011.

This is the fifth deal MOKO.mobi has signed in Australia, and its mobile social networking platform is now available to around 90 per cent of the local mobile subscriber base.

The platform is also seeing success overseas, with MOKO.mobi last year announcing deals in countries including the UK, the Netherlands, Malaysia and Japan.

The company earlier this month also closed the acquisition of mobile video social network EyeVibe in a move aimed at growing its UK presence.

MKB shares fell 3.33 per cent on Monday to $0.087.

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