Telecomunicazioni
Signing Completed in Connection with Acquisition of SMS.it in Italy
SMS.it is one of the leading mobile messaging providers in Italy . The Company was the first in the world to provide mobile Internet & Mobile messaging services on a global scale. Located in Milano , with offices in Bologna, SMS.it is a mobile operator owning an independent mobile network, fixed network, signalling and SS7 interconnection, and has in place interworking agreements with all the Italian mobile operators and the primary MVNO´s.
The Company doubled its revenues from 2015 to 2017 witnessing strong demand for its services in the Italian market.
says Arild E.Hustad , Group CEO LINK Mobility.
The acquisition is based on an agreed enterprise value of EUR 10.371 million on a cash-free and debt-free basis. The enterprise value is based on a normalized EBITDA for 2017 of EUR 1.503 million multiplied by a factor of 6.9. The structure of the deal is as follows:
LINK has a solid cash position and the transaction will be fully financed through LINK´s corporate funds.
Aabø-Evensen & Co Advokatfirma AS, DLAPiper Italy and BDO Italy are acting as advisors to LINK in connection with the above mentioned transactions.
The transaction is expected to close 1st of June 2018 .
Arild Hustad , CEO
LINK Mobility Group ASA
arild.hustad@linkmobility.com
Mob: +47-95-24-19-30
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http://news.cision.com/link-mobility-group-asa/r/signing-completed-in-connection-with-acquisition-of-sms-it-in-italy-,c2477800
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