So I wanted to point out that Virgin spent $100M and failed after 1 year trying to take over the Asian market but Enabling Asia has been around for 7 years and not only survived but has thrived.
What does that tell you all?
I smell a buyout in the future because why would the big boys want to come in and start from scratch risking everything when they can just acquire a company like Enabling Asia which has been successful at it for so long.
EA actually posted this buyout of another co on their FB page.
Swiss Palmarium acquires Global MVNO Lebara for an undisclosed fee
Global #MVNO #Lebara has been acquired by Swiss investor Palmarium for an undisclosed fee. The acquisition was made through Palmarium’s subsidiary VIEO, and sees Lebara Group and Lebara Trademark Companies become wholly-owned by the Swiss firm.
As part of the acquisition, Yoganathan, currently CEO, and the rest of the company’s founders will leave Lebara, with Palmarium planning to install a new leadership team. This new team will be led by Graeme Oxby who has been appointed as CEO.
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