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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.




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Categories: Mobile & Wireless
Companies: InternetQ
Countries: Latin America
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