Telecoms

Globe Telecom acquires EGG for Php351 Million

Abe Olandres August 5, 2008 · 1 min read

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Just got a copy of Globe’s disclosure to the SEC announcing the 100% buyout of Entertainment Gateway Group and all its affiliated companies (EGGstreme of Hong Kong) for a total cash amount of Php351 Million.

EGG is one of the leading mobile content providers in the Philippines, offering value-added services for mobile including music downloads, news & information, games, chat, and web to mobile messaging.

EGG provides content not only in the Philippines but also Hong Kong, Singapore, Japan, Malaysia, US and Dubai. It has also partnered with Friendster.com and Yahoo.com for web to mobile services. (Previous stories here points to Friendster Philippines partnering with EGG/Hyper Application on Mobile.) They also own web portals such as kamusta.com and fliptup.com.

Melissa Limcaoco founded Entertainment Gateway Group in 2001.

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Abe Olandres

Editor-in-chief

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

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