You are here: Home » News-CM » Companies » News
Business Standard

Route Mobile to acquire Phonon Communications

Capital Market 

For cash consideration of Rs 29 cr

Route Mobile has entered into a Share Purchase Agreement (SPA) with the existing promoters & shareholders of Phonon Communications (Target Company) to acquire 100% of the equity share capital of the Target Company for a cash consideration of Rs 29 crore.

The Target Company is engaged in the business of, inter alia, providing telecommunication value added solutions in all capacities and in all respects including Audiotex services, Voice Mail services, Computer Telephony Integration (CTI), hosted Interactive Voice Response (IVR) services and associated applications that include custom software development, intellectual property generation, infrastructure setup and management and development of products and customized software solution related, but not limited to, outbound dialers, telemarketing, click to call services, credit card payments acceptance IVRs, customized inbound IVR system, hosted telephony applications, virtual number services, SMS systems, audio conferencing, visual IVR (iDelivr), and contact centre automation products and services to customers. The Acquisition will be effective subject to the fulfilment of various terms and conditions as specified in the SPA.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, April 29 2021. 19:29 IST