2017-18 proved to be a transformational year for OnMobile as weimproved our operational efficiencies and expanded our product portfolio. Wenow have over 60% of our revenues coming from Mobile Entertainment while Tonesour flagship product is well integrated with the majority of our 75carriers. The year ended with revenue of ?6356 million EBITDA of ?685 millionand a record cash position of ?3052 million.
Innovation is core to our efforts and we have developed robustroadmaps for each of our product lines and are actively testing many components in diversemarkets. All of this is being done to ensure that we are in a strong position to provideleading product solutions to carriers worldwide. In addition we have improved the time tomarket through automation and process
efficiencies to meet the demands of carriers. As 2018-19 begins ourefforts during the past year to expand our product portfolio into a games subscriptionproduct as well as regional video portals should provide significant growth for OnMobile.Our strategy with Tones now sees traction towards bundling our services with carriers'packs in India and we plan to deploy our complete sound application and features to allsubscribers worldwide.
Over the coming years we anticipate that the company will see doubledigit revenue growth in Mobile Entertainment with new and existing carriers especially asthe global mobile gaming and video markets continue to see tremendous growth year overyear. We have aligned our global objectives as an organization and have putin place solidleadership across the 905 employees worldwide. I firmly believe that we are in a very strongposition for growth with durable carrier relationships and solutions thataddress the needs and challenges facing the industry.
Executive Chairman & Chief Executive Officer