Social Networking Services Expand in Latin America

Myriad Group AG (SIX: MYRN), a global leader in mobile technology having shipped over 3.8 billion software applications on more than 2.2 billion phones, today announces Telefonica Movistar has launched Myriad Social Network Services, marking the first phase of Myriad’s 5-year partnership with Telefonica to provide social networking to its 13 mobile operations across Latin America.

As part of the commercial launch, Telefonica Movistar customers can now, for the first time, quickly access their social networks, viewing all their friends’ latest messages while updating their own status across all of their social network communities simultaneously via one mobile screen.

The Movistar launch is the first phase of Myriad’s exclusive partnership with Telefonica, announced last year. Telefonica currently serves more than 140 million mobile users in Latin America, including: Brazil, Argentina, Colombia, Chile, Ecuador, El Salvador, Guatemala, Mexico, Nicaragua, Panama, Peru, Uruguay and Venezuela.

Due to Myriad’s unique ability to deliver end-to-end solutions, including the integration of social networking into mass-market phones coupled with its cloud-computing platforms, Myriad enables operators to rapidly deliver next generation services for every mobile user, even in markets where many consumers own low-end mobile devices.