Benzinga | Mar 22, 2021 08:55AM EDT

uCloudlink Expands Southeast Asian Footprint With Harapan Karunia Makmur Partnership

Ucloudlink Group Inc (NASDAQ: UCL) allied with Indonesian information and communication technology products and services distributor PT Harapan Karunia Makmur (HKM) to expand its Southeast Asian presence.

* The companies inked an agreement to supervise HKM's manufacture and distribution of mobile broadband (MBB) related devices and data connectivity services in Indonesia. uCloudlink would also help HKM assemble finished mobile broadband-related products to distribute and sell uCloudlink's mobile data connectivity services in Indonesia.

* uCloudlink had also partnered with other industry-leading local partners to consolidate its presence in the region.

* Additionally, uCloudlink cemented its existing partnership with the Philippines' international communication service provider Shore-Access Marine Consultancy Co. Ltd to distribute uCloudlink's mobile CPE router and mobile data connectivity services in the Philippines Japan, Australia, and Africa.

* Price action: UCL shares closed at $10.6 on Friday.