Regent Logo

Mergers and Acquistions News

Categories: Telecoms

October 26th 2010, 17:19PM

IMImobile, one of India's leading mobile tech firms, has acquired 100 per cent of WIN plc, a UK-based mobile content and services company.

After the transaction, IMI, which supplies technology infrastructure and mobile services to mobile providers, media firms and large organisations around the world, will boast a 600-strong workforce, strengthening its relationship with European telecoms operators.

The fusion between its DaVinci Evolved Service Platform, and WIN's experience in the user and enterprise markets will be key to this growth, the firm said in a statement.

"This is an important step for IMImobile as we aim to create and drive an open global mobile marketplace for new applications and services and to help operators realise the 'network-as-a-service' model and make their networks smarter," Vishwanath Alluri, chairman and chief executive officer of IMImobile, said.

Graham Rivers, formerly the chief executive officer of WIN, will become executive director of IMI on completion of the buy-out. "Together we can become a very powerful global player in the new mobile-centric world," he said.

This month, the Indian tax authority slapped a £1.6 billion back-tax bill on Vodafone, over issues relating to its acquisition of Hutchison Whampoa.

 ADNFCR-1833-ID-800159031-ADNFCR

 

Related News