San Francisco-based mobile payments company Boku Inc has acquired a 100% stake in Mumbai-based Spunk Media Private Limited, which owns and operates the mobile billing aggregator business of Qubecell for an undisclosed amount..Majmudar & Partners advised Boku with a team led by Managing Partner Akil Hirani along with Associate Partner Christopher Krishnamoorthy..Trilegal advised Qubecell with a team led by Partner Amit Tambe..The deal is expected to add more than 75% of the country’s mobile subscribers, or roughly 550 million potential users, to Boku’s consumer base, making it the largest provider of direct carrier billing in India..The acquisition will also provide Boku with direct carrier billing connections with four of the largest carrier networks in India, along with a number of key local merchant relationships.
San Francisco-based mobile payments company Boku Inc has acquired a 100% stake in Mumbai-based Spunk Media Private Limited, which owns and operates the mobile billing aggregator business of Qubecell for an undisclosed amount..Majmudar & Partners advised Boku with a team led by Managing Partner Akil Hirani along with Associate Partner Christopher Krishnamoorthy..Trilegal advised Qubecell with a team led by Partner Amit Tambe..The deal is expected to add more than 75% of the country’s mobile subscribers, or roughly 550 million potential users, to Boku’s consumer base, making it the largest provider of direct carrier billing in India..The acquisition will also provide Boku with direct carrier billing connections with four of the largest carrier networks in India, along with a number of key local merchant relationships.