Indian Mobile Services Firm IMI Mobile To Buy Win Plc

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UK mobile content and services company Win Plc announced today that it is recommending to shareholders a cash offer from the Sequoia-backed Indian mobile services firm IMI Mobile. The 141 pence ($2.11) per share offer values WIN at around £15.93 million ($ 23.8 million). This represents a 43 percent premium to the share price on the 29th April, the closing price before discussions were announced.

Not all of Win

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Anuj Khanna

British mobile companies are significantly undervalued and need to expand on a global basis to acheive scalability.

WIN along with Dialogue Communications are one of UK’s oldest SMS Applications and Messaging Services brands with a great customer list and long standing mobile operator partnerships.

WIN can get a much better valuation, look at the recent Amdocs-MX telecom deal as an example.

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