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May 25, 2007
Mobistar Buys 3 year old Voxmobile for €80m
Voxmobile, a Luxembourg mobile operator and service provider, announced that Mobistar is paying €80M for the 3 year old venture. The company's private equity backers (not VCs) owned about 75 percent and the rest was controlled by the founders. Mobistar acquired a 90 percent stake.
VOXmobile is a complete operator offering fixed and mobile telephony services, ADSL and WLan in Luxembourg and exploits hosted services, such as the Microsoft Hosted Exchange platform and IPCentrex One. VOXmobile is the holder of GSM 900/1800 licenses (EDGE) and UMTS and operates its own network. VOXmobile launched its commercial activities in May 2004 and in only two years aquired 20% of market share, it says on its website.
Read - Rumor (a:c euro)
Posted on May 25, 2007 06:20 AM | Posted to News And Updates | Permalink
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