Acotel sells Info2cell to Altruist Technologies

Tuesday 11 August 2015 | 11:51 CET | News
Italy's Acotel Group entered into a preliminary agreement with Indian company Altruist Technologies for the sale of Info2cell.com to Altruist Technologies. The sale consideration, amounting to USD  5.5 million, will be fully paid at the signing of the act of transfer of ownership, which is expected to be in September, subject to clearance from the relevant authorities in Dubai, where the subsidiary being sold is registered. Info2cell reported turnover of approximately USD 15.8 million in 2014, generated as a result of agreements with over 40 mobile operators, which enable it to supply its

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Mobile & Wireless
Companies: Acotel / Altruist Technologies / Info2cell.com
Countries: World
::: add a comment

Add comment

Please login or register to leave a 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.


Italy's Acotel completes sale of Info2cell to Altruist

Published 01 Oct 2015 12:19 CET | World
Italy's Acotel Group announced the completion of the sale of Info2cell.com to Indian company Altruist Technologies for USD 5.5 ...

Acotel full year revenues plummet 33% to 69.8 EUR mln

Published 16 Mar 2015 11:16 CET | Italy
Italy's Acotel Group, a wireless services and network infrastructure provider, reported revenues of around EUR 69.8 million in ...

Info2cell.com launches El Coach football app for Middle East

Published 26 Nov 2013 11:29 CET | Middle East
Middle East-based mobile services application provider Info2cell.com has announced the launch of the 'El Coach' football app. It ...

Info2cell.com inks deal with Bangladeshi operators

Published 28 Oct 2013 13:46 CET | Middle East
Middle East mobile services application provider Info2cell.com has signed strategic partnerships with Bangladesh-based operators ...

Info2cell.com expands to Thailand

Published 22 Jul 2013 11:13 CET | Thailand
Middle East mobile services application provider Info2cell.com announced its plans to expand to Thailand, to tap into South East ...

Info2cell.com expands in Africa with Oxygen8 Group

Published 24 Jun 2013 12:24 CET | Kenya
Middle East mobile service application provider Info2cell.com signed a partnership agreement with Oxygen8 Group, a global ...

Noverca to expand with MVNE services

Published 23 May 2013 14:51 CET | Italy
Italian operator Noverca is working on launching MVNE services. It already operates as a full MVNO and plans to offer its service ...

Calendar   /   Industry Events

19 Oct Arm DevSummit
21 Oct Orange Belgium Q3 2021
21 Oct AT&T Q3 2021
21 Oct Intel Q3
21 Oct Telia Q3 results
21 Oct Snap Q3
21 Oct Digi Q3 2021
21 Oct Grameenphone Q3 2021
21 Oct Company profile: Win
22 Oct Doro Q3 results
25 Oct Dtac Q3 2021
25 Oct Calix Q3 2021
25 Oct Facebook Q3
26 Oct Twitter Q3 2021
26 Oct Juniper Networks Q3 2021
26 Oct Corning Q3
26 Oct MediaTek Q3
26 Oct Microsoft fiscal Q1
26 Oct SK hynix Q3
26 Oct Orange group Q3 2021
26 Oct NENT Q3 2021
26 Oct TIM Brasil Q3 2021
26 Oct Alphabet Q3 2021
26 Oct Digital Realty Q3
26 Oct F5 Networks fiscal Q4
26 Oct Siminn Q3 2021
26 Oct FCC meeting
26 Oct Samsung Developer Conference
26 Oct Cabsat
26 Oct MWC Los Angeles
::: More Calendar Items