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Wireless

Vodafone, EE confirm deal to sell Weve stakes to O2

Tuesday 5 May 2015 | 15:36 CET | News
Weve, a mobile advertising joint venture between O2 UK, EE and Vodafone UK, is being fully acquired by O2. In a joint statement, the three mobile operators said, "Weve has been running mobile marketing and advertising campaigns for almost three years and has been successful in growing revenues and attracting new advertisers. The acquisition follows a strategic review of Weve and as a result Vodafone and EE have now exited from their one-third shareholdings. Weve will now trade as a wholly owned subsidiary of O2." Most of Weve's revenue comes from selling text advertising. The company

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Categories: Mobile & Wireless
Companies: EE / O2 UK / Vodafone UK
Countries: United Kingdom
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