It has been announced that An Post has sold its two subsidiaries in the international mobile telephone top-up market for €85 million.
The subsidiaries, PostTS UK and PostTS Spain, were sold to Alphyra.
The Commercial Director of An Post, Derek Kickham, said he was pleased with the deal setting a new benchmark price in the E-TopUp sector.
‘Alphyra represents a natural partner for the PostTS businesses and will provide the investment to fund new products/services, exploit acquisition opportunities, look at further geographical expansion and invest in the existing terminal base,’ said Mr Kickham.
An Post says the sale is part of its overall recovery strategy, which included a specific provision for the disposal of non-core subsidiaries.
