Home › Sinch to buy Brazil's Wavy from Movile, sees up to BRL 20 mln synergies in 2 years
 

Keywords :   


Sinch to buy Brazil's Wavy from Movile, sees up to BRL 20 mln synergies in 2 years

2020-03-27 09:51:00| Telecompaper Headlines

(Telecompaper) Swedish mobile messaging service provider Sinch said it has signed a definitive agreement to acquire Brazilian messaging company Wavy for BRL 355 million in cash and 1.53 million new shares issued to owner Movile, and expects to complete the deal in the second half of 2020. Merger synergies are expected to reach BRL 15-20 million over the coming 24 months. Sinch has increased its credit facility by SEK 600 million for future acquisition opportunities, too.

Tags: in years buy sees

Category:Telecommunications

Latest from this category

All news
10.02Turning AI into Measurable Outcomes with Private Cloud
06.02How Proactive Threat Hunting Stopped INC Ransom Before the Alert
06.02Rackspace Technology at ViVE 2026
04.02Getting Started With AI: A Practical Path Forward
Telecommunications »
18.02'I do not trust them' - top streamers left concerned by Discord age checks
18.02Reform plans to keep UK's budget watchdog
18.02Unlocking Circularity: Expert Perspectives on Battery EPR
18.02WWETT Show 2026 Day Three Preview: Women in Wastewater Awards, Show Floor Demos
18.02WWETT Young Professionals Panel Highlights Opportunity and Growth in Wastewater
18.02Illegal skin lightening cream being sold in UK butchers, watchdog warns
17.02I invested 12,000 in Brewdog - I think I've lost it all
17.02How do consumer perceive regenerative agriculture?
More »