0
Mobile & Wireless

InternetQ acquires Interacel to accelerate LatAm expansion

Monday 13 January 2014 | 10:31 CET | News
InternetQ, a global mobile marketing, digital entertainment and advertising technology company, reached an agreement to acquire Interacel Holdings, one of Latin America's fastest growing mobile service providers. Interacel is active in some of the world's fastest growing mobile markets and has direct connectivity agreements with mobile network operators in 11 countries across the Americas. Interacel also holds strategic partnerships with national media companies, including the Albavision network, the owners of multiple television and radio stations across Latin America.

This acquisition will accelerate InternetQ's growth across Latin America, providing an established platform from which to upsell the company's mobile marketing, Akazoo music streaming and Minimob smart advertising services directly to mobile network operators and media brands.

This transaction enables InternetQ to create an immediate platform to provide MobiDialog, Akazoo and Minimob services across an additional 11 countries. InternetQ will issue a trading update for the 12 months ended 31 December 2013 on 20 January 2014.

For the year ended 31 December 2012, Interacel generated revenues of USD 5.18 million (EUR 3.83 million). Interacel is profitable and debt free. The acquisition of Interacel is expected to be earnings enhancing in the current financial year. The significant opportunity for mobile commerce in Latin America is underpinned by Interacel's existing geographic footprint, which includes Argentina, Bolivia, Chile, Ecuador, Paraguay, Peru, Costa Rica, Dominican Republic, Guatemala, Honduras and Nicaragua.




Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours. Subscribe now.

Categories: Mobile & Wireless
Companies: InternetQ
Countries: Latin America
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.






14% of all Dutch teenagers think of subscribing to Netflix
Netherlands  |  2014 Q4

Calendar   /   Industry Events

28 Jul Orange Q2 2015
28 Jul Calix Q2 2015
28 Jul Megacable Q2 2015
28 Jul Twitter Q2 2015
28 Jul AudioCodes Q2 2015
28 Jul Ntelos Q2 2015
28 Jul Motorola press conference
29 Jul Sky FY results
29 Jul Facebook Q2 2015
29 Jul Ooredoo Q2 2015
29 Jul LG Electronics Q2 2015
29 Jul Sky fiscal Q4
29 Jul NTT Docomo fiscal Q1
29 Jul NXP Semiconductors Q2 2015
29 Jul SBA Communications Q2 2015
29 Jul Altice 2015 Q2
29 Jul Arris Q2 2015
29 Jul Equinix Q2 2015
29 Jul TeleCity Q2 2015
29 Jul American Tower Q2 2015
29 Jul Sonus Networks Q2 2015
29 Jul Telefonica Brasil Q2 2015
29 Jul Level 3 Q2 2015
29 Jul KPN Q2 2015
30 Jul Telenet Q2 2015
30 Jul Telefonica Q2 2015
30 Jul BT fiscal Q1
30 Jul Cincinnati Bell Q2 2015
30 Jul Eutelsat FY results
30 Jul FireEye Q2 2015
::: More Calendar Items