January 26, 2018 / 3:09 PM / in 9 months

BRIEF-Link Mobility Group To Acquire SMS.it In Italy

Jan 26 (Reuters) - LINK MOBILITY GROUP ASA:

* SIGNS TERM SHEET REGARDING ACQUISITION OF SMS.IT IN ITALY, THE FIRST INTERNET MOBILE SERVICES PROVIDER

* ‍AGREED ENTERPRISE VALUE OF TRANSACTION IS EUR 8.011 MILLION​

* TRANSACTION IS EXPECTED TO CLOSE ON OR ABOUT 31 MARCH 2018

* ‍INTENDS TO ACQUIRE SMS.IT IN AN ACQUISITION OF ITS HOLDING COMPANY A2P VENTURES LTD FROM HORIZON VENTURES LTD​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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