HomeNewsBusinessCompaniesSpice i2i buys Indonesia's mobile firm affinity for $175 mn

Spice i2i buys Indonesia's mobile firm affinity for $175 mn

Spice i2i, part of the BK Modi-promoted Spice Group, has acquired Indonesian mobile player Affinity Group for $175 million.

February 01, 2011 / 17:52 IST

Spice i2i, part of the BK Modi-promoted Spice Group, has acquired Indonesian mobile player Affinity Group for $175 million. The deal will help Spice i2i establish a presence in the Indonesian market where Affinity has a 22-25% market share in the mobile handset business. Affinity owns the local brand

first published: Feb 1, 2011 04:31 pm

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