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Clouditalia acquires 100% of MVNO Noitel

Wednesday 19 July 2017 | 14:50 CET | News
Italian cloud services provider Clouditalia has announced the acquisition of 100 percent of the shares of MVNO Noitel, operating on the TIM network. Clouditalia had hinted at its plans to acquire MVNO licences and convert itself into a mobile operator in its recent annual results release. Noitel specialises in satellite-based internet services and reported revenues of EUR 4.4 million and an EBITDA of EUR 300,000 in 2016. It has around 35,000 customers and a network of around 250 stores throughout Italy.

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Categories: Mobile & Wireless
Companies: Clouditalia / Noitel Mobile / TIM
Countries: Italy
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