Artilium buys MVNO Ello Mobile

Friday 23 December 2016 | 09:11 CET | News
Artilium announced the acquisition of the Belgian MVNO Ello Mobile for EUR 300,000. Ello Mobile is a socially responsible company that gives its profits to charities and social projects. To date it has donated more than EUR 1 million. In 2015 Ello generated EUR 700,000 in revenues and EUR 180,000 in EBITDA. After the takeover by Artilium subsidiary United Telecom, the company will continue to donate at least EUR 50,000 per year to social projects.

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Categories: Mobile & Wireless
Companies: Artilium / Ello Mobile / United Telecom
Countries: Belgium
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