Blockchain
Adamant Signs Letter of Intent to Acquire 51% Interest in Domooptik d.o.o.
Vancouver, British Columbia–(Newsfile Corp. – August 26, 2022) – Adamant Global Holding (CSE: ADMT) (OTC Pink: UCCPF) (FSE: U060) (“Adamant”) announces that it has signed a non-binding letter of intent to acquire 51% of the shares of Domooptik d.o.o., a fiber optic service provider situated in Bosnia and Herzegovina (Balkans region of southeastern Europe), with Fiber Optic assets covering a substantial area of its capital, Sarajevo.
This initiative is a strategic follow-up to Adamant’s recently announced acquisition of a substantial position in Europronet, and will provide high speed Internet access to Europronet’s business and residential customers while providing a strong foundation for growth. This undertaking will also improve Adamant’s competitive edge and stability through ownership of its own high-speed network.
The benefits of Fiber Optic are significant and include:
- Higher bandwidth; hence faster.
- Longer transmission distances.
- Greater flexibility.
- Improved latency.
- Stronger security.
Andrea Pagani, CEO of Adamant Global, commented: “This is a strategic and forward-looking acquisition, which will reinforce the quality of service we are able to provide to Europronet’s customers. It also introduces a major asset into our corporation. Through this and other strategic measures, Adamant is expanding its business from wholesale telecom into the lucrative retail market.
These changes enable us to better-serve retail and small to medium-sized organizations, which will ultimately foster customer loyalty and growth of the customer base. This, in turn, will expedite distribution of our strategic payment and communication App, and reduce associated marketing costs.”
About DOMOOPTIK
D O M O O P T I K” Društvo za telekomunikacijske usluge d.o.o., is a Licensed Public Electronic Communication Networks Operator located in Sarajevo Bosnia and specializing in IT Consulting, and set up and maintenance of fiber optic networks.
The company was founded on April 27, 2017 and subsequently aligned with Europronet (Licensed Telecom Carrier) to acquire its customer base.
About ADAMANT
ADAMANT Global Holdings is the owner of Oktacom Inc, a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business; and Brilliance LTD, a cloud-based mobile service company which provides high-quality voice termination to a market driven by the growing activity in online communications and commerce.
Brilliance has designed a software application similar to SKYPE and WhatsApp for Apple iOS and Android platforms.
Website: www.adamantglobal.com
Twitter: @adamantglobal
LinkedIN: Adamant-Global
e-mail: [email protected]
Telephone: +39 334 661 8604
Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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Blockchain
Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR
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