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Ecommerce Alliance takes majority in Wap-Telecom

Friday 1 March 2013 | 13:38 CET | News
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Ecommerce Alliance AG said it is entering the smartphone and tablet business by taking a majority stake in Trier-based mobile phone distributor wap-telecom and its subsidiaries axxamo, getmobile and getsmart. The stake is being paid for through the issue of 519,413 bearer shares in Ecommerce Alliance, in conjunction with which the share capital will be increased from EUR 1,558,242 to EUR 2,077,655. In 2012, wap-telecom had more than EUR 130 million in revenues. Axxamo was Germany's first online seller of mobile phones, starting up in 1999 and now focuses on smartphones. Axxamo and getmobile

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Categories: Mobile & Wireless
Countries: Germany
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