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Last Updated: Thursday, 13 April 2006, 08:42 GMT 09:42 UK
Ringtone firm in new Chinese deal
Monstermob advertisement
Monstermob provides a range of services to mobile phones
Mobile phone games and ringtones firm Monstermob has entered a deal to buy W-Infinity Communications, a provider of mobile content services in China.

Lancashire-based Monstermob, which operates in 25 countries, will pay $81.5m (46.5m) in new Monstermob shares and loan notes.

It agreed in January to buy Chinese firm M Dream for up to 20m, but now is easing off from acquisitions, it says.

Last week Monstermob said annual group revenues were up 103% to 35.6m.

However, it warned that UK profits would be lower this year due to new regulatory controls restricting subscription services.




SEE ALSO:
Monstermob buys China games firm
20 Jan 06 |  Business
Ericsson to invest $1bn in China
07 Sep 05 |  Business


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