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(Australian Associated Press)
Shares in listed Australian cyber-safety firm, Family Zone, have risen 20 per cent following news it will launch a suite of family-safe online digital products into the Indonesian market.
By the end of trade on Monday, shares in Family Zone had risen 20 per cent to close at 48 cents.
Family Zone said on Monday it has inked a deal with Indonesia’s largest mobile carrier – the SingTel part-owned Telkomsel, which is one of the largest mobile providers in the world.
Following a February trial of a parental control suite to Telkomsel’s 165 million subscribers, Family Zone managing director, Tim Levy, said parents in the technology-savvy Indonesian market were keen for a solution to safely managing their kids’ online experience.
“We are looking forward to helping potentially millions of parents in Asia’s third-largest country to easily and effectively moderate their family’s online experiences, in a way that adds value for subscribers, Telkomsel and Family Zone,” Mr Levy said in a statement.
Singapore’s national carrier, SingTel is a 35 per cent owner of Telkomsel.
In little over a month, shares in the family-focused cyber-security company have more than doubled, from 23 cents on June 15.