Route Mobile-led arm completes acquisition of Interteleco International for Modern Communication Services; Stock gains 1%

Route Mobile Ltd  has informed that the Company’s wholly-owned subsidiary, Routesms Solutions FZE (‘RSL FZE’), has successfully completed the acquisition of Interteleco International for Modern Communication Services (Limited Liability Company), Kuwait.

As per filing, Interteleco is into business of modern communication services and integrated services for mobile communication in Kuwait.

Its services include mobile app services, payment solutions, communication services, chatbot, and conversational AI among others. It caters to a variety of industries including telecommunications, financial accounting, inventory management, e-commerce, and project management service companies.

At around 9:49 AM, Route Mobile was trading at Rs1,772.20 apiece up by Rs19.85 or 1.13%. The current market cap of the company is Rs11,017.53cr.