Index has announced that it has reached an agreement with 123 Multimedia of France to acquire 66.65% of 123MM’s outstanding shares. As Europe’s largest mobile content provider, 123MM provides various mobile Internet services based on i-mode, WAP, and Java, as well as mobile content using premium SSM, MMS, and SMS services. The French company’s content delivery network covers France, Germany, Portugal, Italy, Spain, Switzerland, Belgium, Morocco, the Netherlands, and Thailand.
Plans call for collaborating with its Seattle-based group company Mobliss to speedily enter the US market where mobile content services are quickly picking up. Leveraging synergistic effects brought upon by the acquisition of 123MM, Index expects to boost its consolidated sales to 100 billion yen in fiscal 2006. Via: Japan Corporate News Network.