![]() (“CrossMobile”), a licensed mobile virtual network operator (“MVNO”) in Poland, providing the necessary licenses and key infrastructure to service the entire population of 540 million in the EU. The Company has the option to ultimately acquire controlling interest in CrossMobile. The closing of the acquisition of the initial stake will follow the increase in CrossMobile’s authorized capital. “We now join a small, rarified group of licensed operators in the EU, giving us a formidable foundation from which we can generate significant long-term growth as we roll-out a comprehensive suite of value-added services for B2B and B2C customers and participate in the transformation of the future of the telecom industry.” “The acquisition of CrossMobile is a major milestone in the evolution of WHEN Group and provides us with a strong foothold in the European market,” said WHEN Group CEO Giora Rosenzweig. The global mobile value-added services market is expected to reach $309 billion by 2025, growing at a CAGR of 15.3%, according to data from Market Research Future. “WHEN Group’s acquisition of CrossMobile marks the beginning of a new standard of service in telecom,” added Tom Tromer, CEO of CrossMobile. “Together we plan to invest in the technologies of tomorrow that enable us to deliver flexible solutions that meet the demanding and ever-changing needs of customers, from large enterprises to individual consumers.” “Unlike large legacy operators, we have the agility to quickly capitalize on new opportunities,” continued Rosenzweig. Combining this advantage with our unparalleled cybersecurity solutions and other next-generation value-added services place us in a great position to scale operations, and I fully believe successfully executing on this strategy can generate several hundred million dollars in annual revenues with greater than 25% margins at scale.”įuture WHEN Group Press Releases and Updates “Our ability to address changing market demands provides a distinct competitive advantage. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |