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MAUJ TELECOM CONSOLIDATES MOBILE VALUE ADDED SERVICES LEADERSHIP.
(Full text of statement. Contact details below.)
MUMBAI, India--(BUSINESS WIRE)--Feb. 28, 2006--Mauj Telecom (People Infocom Pvt Ltd), India's leading wireless solutions provider announced an investment of $10 million by WestBridge Capital Partners, Intel Capital and Sequoia Capital. Mauj Telecom is India's top mobile entertainment company focusing on mobile music, gaming, mobile commerce and mobile messaging. Mauj Telecom develops services on all leading platforms including J2ME, Smartphone, BREW, Symbian, SS7 and I-Mode and is partnered with the leading wireless operators and portals worldwide.
Anupam Mittal, CMD of People Group, said, "Today is a big day not just for us but also for the Mobile VAS Industry. We understand this is the largest deal in this space in India and we expect that it will trigger many more. We are especially thrilled that we are backed by WestBridge, Intel and Sequoia. Their support is a testament to what the team at Mauj has been able to envision and build. The capital will be used to grow the business organically and through acquisitions."
Arun Gupta, CEO Mauj Telecom, added, "This is the first of many important milestones for Mauj Telecom to emerge as a leading Mobile VAS company. With the support of our partners we are confident that we will execute the strategy chalked out. We will use the capital to expand aggressively globally in the areas of Mobile Music and Mobile Gaming."
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Source: HighBeam Research, MAUJ TELECOM CONSOLIDATES MOBILE VALUE ADDED SERVICES LEADERSHIP.