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Mobile Content Provider Monstermob to Acquire U.K.-Based Phunky

Authored by Mark Hefflinger on June 15, 2004 - 9:48am.
Edinburgh -- Mobile phone content provider Monstermob announced that it has agreed to acquire mobile entertainment services provider Phunky for about 750,000 pounds ($1.4 million). The acquisition of Phunky, which currently has a database of more than 1 million registered members, will bring Monstermob's total database to more than 5 million members, the company said. "The acquisition of the Phunky business adds extensive mobile network portal knowledge to Monstermob, as well as significant customer numbers, and will be earnings enhancing from day one," said Monstermob Managing Director Martin Higginson. Scotland-based Monstermob said it planned to continue expanding and forge similar relationships with other network operators in the U.K. and on the Continent.
tags: Acquire | U.K | Monstermob | Mobile Content Provider | Phunky |