June 16 - 12:06
49D
Sinch buys ACL Mobile for $70 million
Sinch, the Swedish cloud services provider, has paid $70 million for Indian telco ACL Mobile. "With ACL we gain critical scale in the world's second largest mobile market," explained Sinch's CEO. The Indian telco sector has attracted a lot of investment in recent months. Sinch is growing rapidly this year, having already acquired SAP's Digital Interconnect and Wavy.
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