Telenor Interactive Bought out By Mobile Media Company

This one is a bit of a surprise: Telenor Interactive, a mobile messaging provider in U.S. with Norwegian antecedents, has been acquired by Norwegian company The Mobile Media Company. Both companies have Telenor Venture as a major investor, and the new consolidated company will be operating under the Mobile Media brand.
In the new corporate structure, Telenor Interactive CEO Steinar Svalesen will be part of the global management team with responsibilities on M&A and alliances, in addition to his responsibilities for the North American operation….

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