LINK Mobility Group ASA, strengthen its position in the
South-Eastern European market by acquiring the Teracomm
Group
OSLO, Norway, July 29, 2019 /PRNewswire/ -- LINK Mobility Group
AS ("LINK"), Europe's leading and
fastest growing provider of B2C mobile messaging and mobile
services, has today closed the transaction with the eastern
European mobile messaging and solutions companies Tera
Communications AD and TeraVoice EAD and their subsidiaries,
ALLTERPAY EOOD, TERACOMM RO SRL, TERA COMMUNICATIONS DOOEL,
operating under the name TeraComm ("TeraComm").
TeraComm has activities and employees in Bulgaria, Romania and North
Macedonia, and LINK is taking over all 45 employees in the 5
entities acquired.
"I am really happy to announce that we have now closed the
transaction with the Teracomm Companies. This is LINK's second
investment in South-Eastern Europe and the fit between Voicecom and
the Teracomm Companies is very good. We will now have a solid
platform to develop and grow LINK further in the region through our
strong sales focus and innovation of mobile messaging and solutions
services. The South-Eastern European market is experiencing strong
underlying growth and we really look forward to taking a big slice
of this growth going forward", says Thomas
Berge of LINK.
"Based on our attitude to offer our clients the best technical
solutions and thanks to our team of professionals, the Teracomm
Companies have become reliable business partners and have conquered
stable positions in the market of mobile services. The sustainable
growth in the recent years has paid back. However, based on the
results of the IoT business and the interest of the investors in
this field, at this point of time, the sale of the European part of
our telecommunication business is assessed as an opportunity to
change the focal point of ALLTERCO's business and to concentrate
our resources fully on the development of IoT products and
services", says Dimitar Dimitrov,
CEO of ALLTERCO
Aaboe Evensen & Co (Oslo),
Paul Hastings LLP (London) and
Boyanov (Sofia) has acted as legal
advisors, while BDO has acted as financial advisors to LINK
Mobility Group AS during the transaction.
CONTACT:
For further information, please contact:
Thomas Berge, CEO/CFO
LINK Mobility Group AS
thomas.berge@linkmobility.com
Mob: +47-41-31-90-28
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