Thao Lam La · · 1 min readSG telco Circles Global buys mobile network unit of US firm
Circles Global, a Singapore-based digital telco, has acquired the mobile virtual network enabler (MVNE) business of Pareteum, a US-based communication solutions provider. Financial details of the deal were not disclosed.
Circles Global co-founder Rameez Ansar / Photo credit: Circles Global
The acquisition will allow Circles Global to enter the MVNE market, as well as further expand its business across Asia, Europe, Middle East, Africa, and the Americas.
The employees of Pareteum’s MVNE unit will join Circles Global’s team after the deal. The Singapore-based firm will also take over the unit’s current partners and customers.
Circles Global was founded in 2014 by Rameez Ansar, Abhishek Gupta, and Adeel Najam. Besides operating its own telco brand, Circles Life, the company also provides a SaaS-based telco-as-a-service to operators around the world.
Its flagship product is Circles-X, a full-stack platform that enables clients to launch their own telco brand. The firm said its solution has helped telco partners reduce operating costs by over 50%.
Meanwhile, Pareteum is a communications platform-as-a-service provider. It offers mobile and Wi-Fi services, IoT solutions, cloud infrastructure, and messaging, among others.
See also: Circles Life’s ESOP breaks new ground. But is there a trade-off?
Editing by Miguel Cordon and Lorenzo Kyle Subido
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
