Local fund to buy 70% of IPVG unit MegaMobile
12/07/2009 | 01:11 PM
A local investment fund will acquire majority of MegaMobile Inc., a mobile service provider owned by listed IT firm IPVG Corp.
IPVG told the Philippine Stock Exchange on Monday it would sell LINQ Information Entertainment Quadrant Corp. an initial 30 percent of the outstanding shares of MegaMobile, plus another 40 percent of the company owned by original shareholders.
As soon as the transaction is completed, LINQ will have 70 percent of MegaMobile, with IPVG retaining the rest.
MegaMobile is a value-added mobile service provider that offers content and applications to local mobile networks.
LINQ, which has a presence in Singapore, is a private equity group with investments in digital media in the Asia-Pacific region.
Its principal shareholders include the Inquirer Group of Companies and Print Town Group.
LINQ has more than two decades of investment experience and hands-on management in both traditional and nontraditional media and publishing businesses. — CMA, GMANews.TV
IPVG told the Philippine Stock Exchange on Monday it would sell LINQ Information Entertainment Quadrant Corp. an initial 30 percent of the outstanding shares of MegaMobile, plus another 40 percent of the company owned by original shareholders.
As soon as the transaction is completed, LINQ will have 70 percent of MegaMobile, with IPVG retaining the rest.
MegaMobile is a value-added mobile service provider that offers content and applications to local mobile networks.
LINQ, which has a presence in Singapore, is a private equity group with investments in digital media in the Asia-Pacific region.
Its principal shareholders include the Inquirer Group of Companies and Print Town Group.
LINQ has more than two decades of investment experience and hands-on management in both traditional and nontraditional media and publishing businesses. — CMA, GMANews.TV
