Mexican D2C specialist to fuel expansion in South East Asia with purchase.
Binbit is acquiring 100 per cent of the shares of Acme, a Singapore-based distributor of mobile entertainment content including games, images, ringtones, text services, interactive chat and more.
From October, Binbit will start using Acme's network to target 300m subscribers.
Antoni Muntaner, Binbit’s chairman, said: "With this acquisition we re-inforce our position abroad, which is in step with Binbit's strategy of investing in profitable markets within our line of business." The move takes Binbit into 26 countries worldwide.
Acme will continue to operate as a business unit for Binbit Group and its CEO Paul Meyers will remain as MD of Asia for the new entity.
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