Tech Capital

ZipTel wows the market with Revenue Share Agreement, then calls for halt

The halt will remain in place until Friday 11th August 2017.
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ZipTel is a telecommunications business

ZipTel Ltd's (ASX:ZIP) shares were soaring high yesterday, more than doubling following the signing of a landmark Revenue Share Agreement for Zipt IP.

The deal was with London-based Space Digital Media Limited Company to have the Zipt core technology integrated into the Convo App.

Shares hit $0.044 intra-day, and were at $0.035 when the halt was called and shares placed in pre-open.

ZipTel requested the pause in trade in respect to the Revenue Share Agreement.

The halt will remain in place until the opening of trade on Friday 11th August 2017, or earlier if an announcement is made to the market.



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