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On August 7, 2025, VeeaSystems Inc., a Delaware corporation ("VeeaSystems"), a wholly owned subsidiary of Veea Inc., a Delaware corporation (the "Company"), entered into a certain Framework Agreement for the Licenses, Equipment and Services (the "Supply Agreement") with RadioMovil Dipsa, S.A. De C.V. ("Telcel"), a Mexican wireless telecommunications company owned by América Móvil, effective August 7, 2025. The Supply Agreement was signed by the parties following the completion of an extensive certification and homologation process with Telcel; and the successful completion of trials with certain Telcel enterprise customers of the Company's VeeaHub STAXÒ-5G product, incorporating Telcel SIM cards.
The Supply Agreement sets forth the general guidelines, terms and conditions that govern the solution implementation and marketing, as well as the provisioning of the services provided by VeeaSystems. Under the agreement, VeeaSystems will supply a comprehensive Platform-as-a-Service solution featuring 5G-based Fixed Wireless Access (FWA) through its VeeaHub STAXÒ-5G device, which incorporates 4G and 5G cellular connectivity, Wi-Fi 6 Access Point, IoT gateway, storage and Linux server capabilities to deliver connectivity with integrated AI-driven cybersecurity services, managed connectivity, and monitoring tools while capable of hosting applications on STAX-5G including third-party application. The parties have agreed to work together in the development of the marketing strategy, branding and promotion of VeeaSystems's services to Telcel's customers in Mexico. The Agreement provides for an initial term of three years and automatically renews for successive one-year terms, unless either party elects not to renew upon 90-day prior notice.
This Current Report on Form 8-K will not be deemed an admission as to the materiality of any of the information in this Item 8.01.
Posted In: VEEA
