Printer Friendly

Brazilian mobile content provider acquired by CRE8.

TELECOMWORLDWIRE-23 March 2007-Brazilian mobile content provider acquired by CRE8(C)1994-2007 M2 COMMUNICATIONS LTD

CRE8 (NZAX:PLS), a New Zealand-based provider of content, connectivity and network services, has made an acquisition in Brazil.

The company has acquired Mobile Development Limitada (MDEV), which specialises in the production and distribution of content services to mobile operators and corporations in Brazil. MDEV currently has mobile content deals with Vivo (Telefonica), Brasil Telecom, Claro (America Movil), Oi, Telemig Cel and Teleamazon Cel.

Under the terms of the acquisition agreement CRE8 is acquiring all equity in MDEV in return for a consideration paid in cash and shares. Financial details were not provided, but CRE8 said that it expects the acquisition to have a positive material impact on its revenue and earnings.

Following the acquisition MDEV will operate as a wholly owned subsidiary of CRE8.

((Comments on this story may be sent to

COPYRIGHT 2007 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Date:Mar 23, 2007
Previous Article:AirWalk Communications introduces IP-RAN femtocell for home market.
Next Article:New SeeGull scanning receiver for AWS networks launched by PCTEL.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |