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|NQ Mobile Announces Mobile Security Agreement with Telefonica|
BEIJING, July 29, 2011 /PRNewswire via COMTEX/ --
NQ Mobile Inc. ("NQ Mobile")(NYSE: NQ), a leading provider of consumer-centric mobile security and productivity applications, today announced that the company has signed a framework agreement with Telefonica, S.A. (Telefonica), the fifth largest Telco service provider worldwide, to provide mobile Internet services to the subscribers of Telefonica. Under the agreement, NQ Mobile's mobile internet services will be integrated in Telefonica's and its subsidiary's App Store and in mobile devices distributed by Telefonica and subsidiaries.
"We are very pleased to cooperate with Telefonica to provide our mobile security service to millions of mobile users in Europe. This partnership is also a strategic milestone for NQ Mobile to officially enter the European market," said Dr. Henry Yu Lin, Chairman and CEO of NQ Mobile Inc. "The Telefonica agreement validates the increasing awareness of mobile malware threats by the wireless ecosystem," Dr. Lin added. A recent research report published by NQ Mobile has shown an increasing trend of global mobile malwares outbreak.
"NQ Mobile's services provide the best available protection for smartphone users," said Alex Zhou, VP of Business Development of NQ Mobile Inc. NQ Mobile Anti Virus for Android was recently awarded the Checkmark Mobile Security Certification from the West Coast Labs, a global leader in technical research, testing and the Checkmark Certification of information security products and services.
About NQ Mobile
NQ Mobile Inc. (NYSE: NQ) is a leading global provider of consumer-centric mobile Internet services focusing on security and productivity. NQ Mobile was one of the first companies to recognize the growing security threats targeting smartphone users and is now a leading Software-as-a-Service (SaaS) provider with over 100 million registered user accounts worldwide. As a market leader in mobile security, NQ Mobile's innovation and global significance have been widely recognized through distinctions such as the 2011 Technology Pioneer Award bestowed by the World Economic Forum. For more information on NQ Mobile, please visit www.nq.com.
Telefonica is one of the largest telecommunications companies in the world in terms of market capitalization. Its activities are centered mainly on the fixed and mobile telephony businesses with broadband as the key tool for the development of both. The company has a significant presence in 25 countries and a customer base that amounts to 290.5 million accesses around the world. Telefonica has a strong presence in Spain, Europe and Latin America, where the company focuses an important part of its growth strategy. Telefonica is a 100% listed company, with more than 1.5 million direct shareholders. Its share capital currently comprises 4.563.996.485 ordinary shares traded on the Spanish Stock Market (Madrid, Barcelona, Bilbao and Valencia) and on those in London, Tokyo, New York, Lima, Buenos Aires and Sao Paulo.
SOURCE NQ Mobile Inc.