First day of trading in My Beat

Today is the first day of trading in My Beat, a Swedish company that offers mobile telecommunications services in the form of mobile telephony and mobile data traffic with a focus on low prices combined with personal service.  

My Beat was founded in 2014 as a virtual mobile operator. The company offers mobile telecommunications services through mobile telephony and mobile data traffic from another operator's network. The target group consists mainly of users in the age segment of 45 years and above and the company currently has a customer base of approximately 6,500 subscribers. The vision is to challenge the Swedish mobile operator market with an offer consisting of low prices and a focus on personal service. The capital raised in connection with the listing is primarily intended to strengthen the Company's working capital and to increase the visibility of the Company's brand through marketing efforts to enable planned growth. In addition, the cash will also fund the expansion of the business in the form of recruitment to handle the expected inflow of new customers.

“Today My Beat begins trading and we welcome the company to Spotlight. My Beat intends to challenge the Swedish mobile operator market and we look forward to following their journey ahead," says Carl-Henrik Nordberg, Head of Listing, Spotlight.

Press contact
Anders Eriksson, CEO of Spotlight
+46 79 006 65 66, ae@spotlightstockmarket.com

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