Telehop acquires iRoam Mobile Solutions

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Sanghamitra Kar
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TORONTO, CANADA: Telehop Communications announced that it has acquired the business assets of iRoam Mobile Solutions, a Canadian company that operates under the iRoam and Brightroam brands in the United States and Canada. The company provides global cellular phone communications services, SIM cards, roaming devices and worldwide Wi-Fi roaming solutions that are sold directly and through distributors for use around the world.

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The purchase price of the asset group was $400,000 which may be reduced if revenues in the first 12 months following the purchase are less than $1 million, and if revenues in the first 12 months exceed $1.2 million the purchase price will increase by $100,000. $170,000 of the price was paid on closing and the balance by way of a 12 month promissory note which will be subject to the price adjustments noted above.

"Business travelers are requiring high speed Wi-Fi and the ability to have global SIMs in countries they are doing business in. This acquisition allows us to further develop a global wireless offering to business and consumers that delivers great value, ease of use and fast data speeds that users require," said Rajiv Jagota, President CEO, Telehop.

iRoam and Brightroam's product offerings include international voice and data through top global wireless carriers, SMS messaging and access to 1.1 million Wi-Fi hotspots globally including inflight Wi-Fi on a number of major airlines.

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