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.
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