Founded in 2004 KWAK Telecom in Nikosia, Cyprus is global market leader in the segment of premium rate number services and acts as a micropayment provider for telecom and media companies. If you ever asked who is providing the telephony number for a TV show: there’s a good chance in more than 100 countries, that it’s KWAK.
The telecom wholesale market is suffering and media companies struggle to sell advertising. Premium rate services – like TV-voting – became a vital revenue-stream for many. KWAK Telecom recognized this market need early and gained revenue, profits and influence during the last years at an impressive growth rate.
Despite being a boutique firm KWAK Telecom became vital to the value creation for many companies within telecom and media industry around the world. Most of these companies are a multiple of KWAK’s size in terms of manpower and revenue but many of them would struggle without the continuous revenue streams and the boost of margin provided by the Cypriot firm.
During the last couple of years KWAK Telecom won multiple awards, including “National Champion Business of the Year” at European Business Awards and “Innovations of the Year” at LeFonti Awards.