Australian-listed MGM Wireless has announced that European media, entertainment and telecommunications giant Sky is selling its all-in-one SPACETALK children’s smartphone, watch and GPS device in the UK.
MGM Wireless, creator of the Spacetalk smartwatch, says it will drawdown a further $250,000 of its existing $2 million convertible note to support expanded distribution in the New Zealand and UK markets.
Regulation of Australia’s domestic Mobile Terminating Access Service for mobile voice services is set to be continued by the competition regulator, the ACCC, but MTAS for SMS services will no longer be regulated.
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