Announced
Financials
Tags
Private
Friendly
Single Bidder
Singapore
Mobile
mobile Wi-Fi
Pending
Acquisition
Majority
Synopsis
DHI Telecom, which delivers advanced technical solutions in both private and public sectors including fiber-optic lines, satellite uplinks, mobile Wi-Fi hotspots, and the commercial Internet, agreed to acquire Singapore-based Yogofi, a startup in advanced mobile Wi-Fi for global business and leisure travel. Financial terms were not disclosed. This acquisition allows DHI to gain instant growth in Asia and an ideal synergy with technology. “We picked Yogofi for their incredible growth in the Asian mobile data market and their cloud-based virtual SIM platform. Yogofi’s B2C travel agency network in Asia is an ideal fit for our portfolio,” Wallace Davis DHI Telecom CEO.
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