« Online Tire Vendor To Raise €38M In IPO | Main | EuTubes - The Venice Project And VideoJug »
October 23, 2006
Tele2 Takes Stake In VC-Backed Spring Mobile
Tele2, an alternative telecoms operator active across Europe, has acquired 49% of Spring Mobil for €16M (SEK 150M) with an option to acquire the remaining shares in the first quarter of 2009.
Spring Mobil is an innovator in the mobile networking market. On the back of acquiring a GSM licence in Sweden, it launched a service providing businesses with their own dedicated digital cellular basestation. The "OnePhone" solution works with standard GSM/3G phones, in combination with a small GSM/3G network inside the customer’s office. Calls outside the office are served via an MVNO agreement with Tele2. To date, Spring Mobil has signed long term contracts with around 400 enterprises, the firms said.
Spring Mobil was founded by BrainHeart Capital in 2002 and is headquartered in Stockholm.
Read - WebWire® | TELE2 Acquires 49% Of The Shares In Spring Mobil
Posted on October 23, 2006 04:54 PM | Posted to News And Updates | Wireless | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/2275
