Metro One Telecommunications
{{Undisclosed paid|date=January 2022}}
{{Infobox company
| name = Metro One Telecommunications, Inc.
| logo =
| logo_caption =
| logo_alt =
| founded = 1989
| industry = Retail Tech., Mobile commerce
| type = Publicly listed
| hq_location_country = Sheridan, Wyoming
| area_served = Worldwide
| key_people = Elchanan Maoz (Acting CEO, President), Jacqueline Danforth(CFO){{cite web |title=Directors – metroone |url=https://metro1telecomm.com/directors/}}{{cite news |last1=Editorial |first1=Reuters |title=WOWI.PK - Metro One Telecommunications, Inc Profile {{!}} Reuters |url=https://www.reuters.com/companies/WOWI.PK |work=www.reuters.comundefined |language=en}}
| owner =
| website = {{URL|www.metro1telecomm.com}}
}}
Metro One Telecommunications is a U.S-based company, headquartered in Sheridan, Wyoming. The company provides online and offline mobile commerce services to retailers.{{cite web|title=Metro One Telecommunications Inc|url=https://www.bloomberg.com/profile/company/WOWI:US|website=www.bloomberg.com}}{{cite news |title=Metro One's wholly owned subsidiary signs partnership with Country Wine & Spirits, its first U.S.-based mobile commerce platform client |url=https://www.wsj.com/articles/metro-one-s-wholly-owned-subsidiary-signs-partnership-with-country-wine-spirits-its-first-u-s-based-mobile-commerce-platform-client-01638277564?tesla=y |work=Wall Street Journal |date=30 November 2021}}
History
In 1989, the company was founded by Patrick M. Cox, Russell V. Davis and Kevin Anderson.{{cite news | url=https://www.bizjournals.com/portland/stories/2010/05/10/daily19.html | title=Metro One looks to sell assets | publisher=American City Business Journals | date=May 12, 2010}}
In 1996, the company became a public company via an initial public offering.{{cite news | url=https://www.nytimes.com/1996/08/19/business/equity-offerings-scheduled-during-this-week.html | title=Equity Offerings Scheduled During This Week | work=The New York Times | date=August 19, 1996}}
In 1999, the company reached an agreement to provide enhanced Directory Assistance services to Nextel Communications.{{cite news | url=https://www.marketwatch.com/story/metro-one-warns-of-second-quarter-shortfall | title=Metro One warns of second-quarter shortfall | first=Barbara C. | last=Costanza | publisher=Marketwatch | date=June 29, 1999}} In 2005, the contract was terminated by Sprint Corporation after its acquisition of Nextel.{{cite news | url=https://www.marketwatch.com/story/metro-one-says-sprint-nextel-to-terminate-contract | title=Metro One says Sprint Nextel to terminate contract | first=Sarah | last=Turner | publisher=Marketwatch | date=October 20, 2005}}
In 2001, during the dot-com bubble, the company's market capitalization reached $1 billion.{{cite news | url=https://money.cnn.com/2001/07/03/investing/favorite_stock/index.htm | title=Favorite Stock: Metro One | first=Alexandra | last=Twin | publisher=CNN Money | date=July 3, 2001}}
In 2003, the company entered the consumer market with the launch of a 411 and concierge service called Infone.{{cite news | url=https://www.bizjournals.com/portland/stories/2003/05/26/daily4.html | title=Metro One launches 'Infone' service | publisher=American City Business Journals | date=May 27, 2003}} Infone was discontinued in December 2005.
In 2004, Duane Fromhart was named chief financial officer of the company.{{cite press release | url=http://www.businesswire.com/news/home/20040625005106/en/Metro-Names-Duane-Fromhart-Chief-Financial-Officer | title=Metro One Names Duane Fromhart Chief Financial Officer | publisher=Business Wire | date=June 25, 2004}}
In 2005, Kenneth Peterson acquired 8.8% of the company.{{cite news | url=https://www.bizjournals.com/portland/stories/2005/03/07/daily8.html | title=Vancouver investor buys chunk of Metro One | publisher=American City Business Journals | date=March 7, 2005}} In 2007, Peterson was named chairman of the company.{{cite news | url=https://www.marketwatch.com/story/metro-one-receives-defficiency-letter-names-new-chairman | title=Metro One receives deficiency letter, names new chairman | first=Simon | last=Kennedy | publisher=Marketwatch | date=July 3, 2007}}
In March 2008, the company closed its call centers in Charlotte, North Carolina{{cite news | url=https://www.bizjournals.com/charlotte/stories/2008/03/24/daily7.html | title=Metro One to shutter Charlotte call center | publisher=American City Business Journals | date=March 24, 2008}} and Orlando.{{cite news | url=https://www.bizjournals.com/orlando/stories/2008/03/31/daily4.html | title=Metro One to shut down call center, lay off 200 | publisher=American City Business Journals | date=March 31, 2008}}
The company liquidated its operating business in December 2008.{{cite news | url=http://blog.oregonlive.com/siliconforest/2009/01/metro_one_winds_down.html | title=The Silicon Forest Blog: Metro One winds down | last=Rogoway |first=Mike | work=The Oregonian | date=January 9, 2009}}
In December 2018, Metro One Telecommunications was acquired by Everest Fund; an investment company owned by Tel Aviv based special situations investor Elchanan Maoz, who is also the chairman of Metro One Telecommunications.{{cite web |title=Form 4 Metro One Telecommunications Inc Statement of changes in beneficial ownership of securities |url=https://sec.report/Document/0000921895-07-001286/}}
In March 2021, the company won the bid and acquired the assets of Israeli tech company Royal App Ltd and announced Bianca Meger as the CEO of Metro One Telecommunication.
In November 2021, the company raised $1.98 million by their first post-bankruptcy deal selling common stock and warrants.{{cite web |title=Metro One Telecommunications, Inc. Raises $1.98 Million in PIPE to further advance its transition to a SaaS based mCommerce Platform |url=https://m.insidertracking.com/metro-one-telecommunications-inc-raises-1-98-million-in-pipe-to-further-advance-its-transition-to-a-saas-based-mcommerce-platform |website=m.insidertracking.com |language=en}}{{cite news |title=Metro One Telecommunications, Inc. Raises $1.98 Million in PIPE to further advance its transition to a SaaS based mCommerce Platform |url=https://finance.yahoo.com/news/metro-one-telecommunications-inc-raises-120000543.html |work=finance.yahoo.com}}