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New Delhi, July 10 MIH India (ibibo.com), part of the multi-million dollar media conglomerate Naspers, today announced a strategic investment into mobile value added services company ACL Wireless. MIH India has picked up 30 per cent stake in mobile value added services company ACL Wireless for $12.3 million.

Commenting on this strategic investment Mr Ashish Kashyap, CEO, MIH India (ibibo.com), said, “Our investment in ACL Wireless is part of our India growth strategy. ACL Wireless has built strong products and services in the mobile VAS space and has strong partnerships and alliances with mobile operators across the globe (Besides India). This strategic investment will enable MIH-owned ibibo.com to make in-roads into the growing Indian mobile value added services market.”

Mr Sanjay Goyal, CEO, ACL Wireless further added, “The partnership will also drive joint efforts for development of consumer based products and services for the mobile. ”

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