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Tuesday, February 19, 2008

IPVG to acquire 70% of MegaMobile

There's not much news on the PH mobile space lately except for something to do with Globe and Ericsson that we cannot disclose (NDA), this news however hits closer at home, MegaMobile will join the IPVG group of companies. The negotiations took months and its mostly about the shares and how much of the company will be acquired but the fate was already sealed for MegaMobile, its time to beef up its financial and political backbone. There's not much I can tell about the plans but with MegaMobile's reputation of always being on the cutting-edge of mobile technology, surely with its newly acquired allies it will become a force to reckon.


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