Dec 3 (Reuters) - Ziptel Ltd ZIP.AX :
* Enterprise agreement with Speedcast executed ZIP.AX
* Licensing agreement will commence upon Speedcast granting a certificate of acceptance of the Zipt white label product in Q1 2016
* Now signed a binding commercial agreement with speedcast
* Under the terms of the agreement the development costs will be paid to Ziptel by speedcast
* Says revenue generated from the Zipt white label solution will be shared equally be- tween the parties
* Under terms, Ziptel will receive a one-off registration fee for each user that downloads the app
* Under terms of the agreement parties to jointly work on the development, testing and implementation of the white label app
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