March 31st, 2009 by Arjan Olsder Posted in Companies & M&A | No Comments »
Zed and Tanla Solutions have set up a new joint venture in India. Through this joint venture, both companies hope to successfully exploit the huge Indian mobile VAS market.
The new JV will primarily focus on D2C business. It will provide mobile internet, entertainment, advertising and TV solutions to the local market, which is valued at $ 4 billion by 2010. Together, the companies invested 630 million rupees in it (comes close to $12.5 million)
