Goldenhill International M&A Advisors today announced that it acted as M&A advisor to AIM listed InternetQ plc (“InternetQ”) in its acquisition of UP-Mobile Corporation (“UP-Mobile”), one of Mexico’s leading mobile service providers.
UP-Mobile serves the market in Mexico, one of the Latin America’s fastest growing mobile markets. UP-Mobile operates premium Value Added Services with nearly 300 radio stations, Pronosticos – Mexico’s biggest lottery company and TV Azteca.
InternetQ expects this acquisition will further accelerate its growth across Latin America, providing an established platform from which to upsell the Company’s mobile marketing products. This acquisition will complement the acquisition of Interacel in November2013 which brought InternetQ presence in 11 countries in Latin America.
Commenting on the contribution of Goldenhill to the transaction, Panagiotis Dimitropoulos, Chief Executive Officer of InternetQ remarked:
“Goldenhill worked closely with us in building up a “pipeline” of potential acquisitions which has enabled us to complete our second transaction in Latin America in the last six months. Goldenhill’s presence in Latin America and in Europe plus their experience in the mobile and Internet sectors are certainly valuable assets in helping us to pursue our growth and expansion strategy in high growth markets.”