QualityStocksNewsBreaks – SPYR Inc.’s (SPYR) Applied Magix Exploring Potential for Expansion into MVNO Market
SPYR (OTCQB: SPYR), dba SPYR Technologies, a technology company and its subsidiary, Applied Magix Inc., are evaluating the potential for entering the mobile virtual network operators (“MVNO”) market by offering special mobile phone plans designed exclusively for iPhone users. Applied Magix develops and resells Apple(R) ecosystem-compatible products in the growing multibillion-dollar IoT smart-home and connected-car markets. The MVNO space has seen dramatic growth within the mobile phone space by offering more affordable plans. Because MVNOs don’t have their own wireless networks, they typically use another carrier’s platform to provide coverage. Applied Magix is exploring that possibility with various existing relationships. “There…