News blog
Synchronica
- BY: Andrew Hore |
- POSTED: 28/07/2010 |
Mobile email and instant messaging technology provider Synchronica says that Telecom Personal, the mobile subsidiary of Telecom Argentina, has launched a service based on the Aim company’s personal email technology.
Telecom Personal has 15m customers. The service costs the user $2.30 a month and the Argentinian telecoms firm is paying a fee of 36 cents per registered user each month. This deal was done through Synchronica’s distributor Brightstar.
This news has perked up the Synchronica share price which has been falling since the announcement of plans to take over Canadian rival iseemedia Inc and gain a quotation on the Toronto Venture Exchange (TSX-V). This is an all share deal so the level of the share price is important. Synchronica also needs to raise between £1.95m and £4.54m from a placing.
Synchronica is offering 4.03 shares for each share in TSX-V quoted iseemedia Inc (http://www.iseemedia.com). In the original announcement this deal was worth £5.3m.
At 1.62p a share, up 0.15p, Synchronica is valued at £13.6m and the iseemedia Inc deal is valued at £5.04m.
Synchronica plans a 15-for-one share consolidation.
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