Some M&A in the Mobile VAS space: One97 Communications has acquired SMS and Mobile data service company Positive Comsol. Positive Comsol owns and operates the 3030 SMS service short code, while One97 operated the 3030 IVR (interactive voice response) short code; thus, with this acquisition, One97 has acquired comprehensive rights over the 3030 short code, alongwith clients including Samsung and GE Capital. Positive Comsol is based in Noida, with around 50 employees. It’s an all-cash deal, for an undisclosed amount. [via release]
Just wondering – how many VAS players are there in the Indian market, and as the market grows and services evolve – is more consolidation in the offing? Probably.
Related:
– One97 And Pantaloon Launch Universal Ring Tone Card
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