Route Mobile’s wholly-owned subsidiary -- Routesms Solutions FZE (RSL FZE) has entered into a Share Purchase Agreement (SPA) to acquire 49 per cent effective ownership in Kuwait-based Interteleco International for Modern Communication Services. The acquisition will be for Rs 16.29 crore and the total amount will be paid in two tranches. This acquisition will help establish Route Mobile’s direct presence in Kuwait and thus augment its business horizons and integrate its business verticals in Kuwait.
Route Mobile is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO).
