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MobileOne (M1)

Qala bought for $14.9m by M1

MobileOne

With the aim of making a big name in the broadband business, mobile operator MobileOne (M1) took over Internet service provider Qala, for a sum of $14.9 million in cash. With the success of this deal, M1 would be able to enter the corporate fixed broadband business instantly by relying on the presence and experience of Qala in this market. M1's chief executive Karen Kooi said: "We will use this ready platform to derive synergies and further grow the business as a full service operator."