Mobile Streams Buys Asia Mobile Content Firm

The mobile content provider, Mobile Streams has announced that it is buying the Asia Pacific based mobile entertainment group, Mobilemode. The acquisition of Mobilemode will give Mobile Streams a comprehensive position in Asia Pacific, with a particularly strong focus on Australia, New Zealand, Malaysia, Singapore and Hong Kong.

Mobilemode's key network operator customers are SingTel-Optus, Virgin Mobile and Hutchison 3G in Australia, SingTel and M1 in Singapore and Maxis and Astro in Malaysia. Mobilemode also has strong distribution relationships with eBay, Electronic Arts, Nokia and Discovery Networks, an affiliate of Liberty Media, Mobile Streams' strategic investor.

Commenting on today's announcement, Simon Buckingham, CEO of Mobile Streams said: "This acquisition represents a key milestone in the development of Mobile Streams' global footprint. Mobilemode will provide us with an excellent stepping stone into the advanced markets of Australia, New Zealand, Hong Kong and Singapore whilst at the same time providing a platform for growth in the emerging markets of Taiwan, Indonesia and the Philippines."

Jarno Salmivuori, CEO of Mobilemode said: "Mobilemode has established strong relationships and operations in Asia which we look forward to developing and growing further through the combination with Mobile Streams."

Posted to the site on 17th July 2006