Monday, March 17, 2008

ePlanet Invests In Dubai MVNO

Redwood City-based ePlanet Ventures said Monday that it has made an undisclosed investment in FRiENdi Mobile, a Dubai-based MVNO which provides cell phone service in the middle east. Amount of the investment was not disclosed. ePlanet said that FRiENDi will use the funding to accelerate its growth in the Middle East and North Africa region. FRiENDi Mobile is based in Dubai City, in the United Arab Emirates. More information »