US$ 175 Million for Nexian Group, Says Spice

Affinity group, which handles mobile device distribution and cellular connection distribution from major Indonesian operators has been acquired by Spice i2i for $175 million. The deal which will be finalized soon includes Indonesia’s largest mobile phone company, Nexian. Spice i2i is one of the largest telecommunication groups in South East Asia.

Spice i2i was known as Media Ring Ltd. before itself was acquired by India’s Spice Group and had its name changed. Last year Spice i2i also acquired NewTel Corporation, the second largest handset producer in Thailand, for $22 million. Additionally, Spice is also a majority owner of Malaysia-based handset maker and VAS provider Spice CSL.

Affinity Group itself is one of the largest players in the Indonesian mobile industry, targeting the low end market as well as acting as distributor for devices by Motorola, Research In Motion, and HTC as well as providing after sales service. Its revenue in 2010 was estimated at $680 million.

Continue reading US$ 175 Million for Nexian Group, Says Spice

Grup pemilik Nexian diakuisisi Spice sebesar $175 Juta

Produsen handset yang memiliki 25% market-share di Indonesia, Nexian, datang dengan berita yang luar biasa bagi industri teknologi di Indonesia. Brand ‘Nexian’ dimiliki oleh grup Affinity yang mengurus masalah distribusi perangkat mobile dan juga distribusi koneksi seluler dari beberapa operator besar di Indonesia. Grup Affinity ini kini dalam proses finalisasi dimana grup tersebut diakuisisi oleh Spice i2i, salah satu grup telekomunikasi terbesar di Asia Tenggara.

Spice i2i sebelumnya dikenal sebagai perusahaan Singapura dengan nama Media Ring Ltd yang diakuisisi Spice Group, perusahaan holding telco berbasis di India lalu kemudian berganti nama menjadi Spice i2i. Tahun lalu Spice i2i juga mengakuisisi NewTel Corporation, produsen handset lokal terbesar kedua di Thailand dengan nilai akuisisi $22 juta.  Tidak hanya itu, Spice i2i juga memiliki 35% kepemilikan di Spice CSL yang merupakan joint venture antara Spice i2i dengan perusahaan produsen handset dan VAS (Value Added Services) CSL Mobile asal Malaysia.

Continue reading Grup pemilik Nexian diakuisisi Spice sebesar $175 Juta