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Spice i2i Buys Indonesia’s Mobile Firm Affinity For $175M

Tuesday, February 1, 2011 | More »

Spice i2i, part of the BK Modi-promoted Spice Group, has acquired Indonesian mobile player Affinity Group for $175 million. The deal will help Spice i2i establish a presence in the Indonesian market where Affinity has a 22-25% market share in the mobile handset business. Affinity owns the local bran...