Filipino Operator Globe Buys Mobile Content Firm EGG for $7.9 Million

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imageFilipino mobile operator Globe Telecom, the country’s biggest telecom, has bought out Asian mobile content distribution group Entertainment Gateway Group and its EGGstreme (Hong Kong) unit, for about $7.9 million. The company provides the usual slate of mobile content and application services…Its overseas markets are mainly composed of ex-pat Filipino communities in Japan, US, Hong Kong and the Middle East. Some more details in this local story.

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really, only 7.9M? that's a good deal. I bet Smart ( is not happy about Globe's purchase

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