Buongiorno buy iTouch for €141m

News just in from Italian mobile entertainment group Buongiorno – they’ve today announced the purchase of London-based mobile and voice services provider iTouch for 141 million Euros.

The deal, consisting of €73.7m in cash and the rest in shares, means that Buongiorno will become the world’s biggest player in the mobile value added sector – with over 1,100 staff in 20 countries serving customers in over 40 countries.

Commenting on the deal, Buongiorno CEO Andrea Casalini said: “The combination of Buongiorno and iTouch creates the undisputed No.1 player in the mobile entertainment market worldwide. More than 1,100 strong professionals will now become one team and will be able to align their skills, creativity and passion behind a common goal of bringing digital entertainment experiences to 1billion people worldwide by 2012. We are looking forward to the integration of the two groups that will lead to an even better service for our customers, even bigger professional opportunities for our people and even more exciting perspectives for our shareholders”.