Deepening the X(box) factor with Microsoft
Microsoft is using the Bango Platform to bundle Xbox cloud gaming subscriptions for telco partners to include in their subscription packages. The latest announcement contains no financial details and consequently we make no changes to forecasts at this time. Nevertheless, we believe gaming represents a potentially significant opportunity for the group. In our view, the release signals the deepening of the existing strategic relationship with a tech industry titan (Microsoft) beyond payments, and also demonstrates further commercial expansion of Bango’s bundling and resale offering into the leading cloud gaming service, including physical goods such as consoles.