wordpress blog stats
Connect with us

Hi, what are you looking for?

International Roaming Co Matrix Exploring Inorganic Options

Matrix Cellular Services, a Delhi-based provider of SIMs and data cards for international travellers, is talking to telcos for what could be a distribution partnership or a sell out. "We have been exploring inorganic options, but it is still a long shot," said the company spokesperson. The firm is in talks with a 'handful of telcos' interested in its offering. No names are being revealed. The Mobile Store? Calling the Economic Times story on The Mobile Store looking to acquire the company a rumour, Gagan Duggal, MD, Matrix, told MediaNama that he has been talking to various players since last summer and that the report was not "in the right direction". Duggal is a major shareholder in the firm. Do note that Bennett, Coleman & Co Ltd (BCCL), which publishes the Economic Times, had invested in Matrix last year. The Mobile Store  a part of the Essar Group, is a retail chain selling handsets, mobile accessories and VAS with over 1,300 company-owned outlets, employs around 4,500 people. ET reported that an offer has not yet been made and that Matrix is looking at a valuation of at least three times the company’s current revenues, as advised by KPMG. When asked if Videocon-promoted telco Datacom, was one of the telecom contendors, we got a 'no comment' from the spokesperson. Given Videocons retail network, strengthened by its acquisition of PlanetM and its investment in Datacom,  we thought this would be an interesting fit - with both a retail and telecom play. Consolidation and Competition The hunt has been on for a while now,…

Please subscribe/login to read the full story.
Written By

http://www.linkedin.com/in/preethij

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ