UAE branch of Maria Group International acquires one of the oldest telecom companies in the region
Dubai: UAE based subsidiary of Maria Group International (MGI Blockchain Technology LLC) has acquired one of the oldest telecom companies in the region- CITI Telecommunications LLC, for an undisclosed amount. The deal included the transfer of all staff and marketing activities to MGI, with the purchase set to strengthen the businesses’ IT and communications arm.
MGI Global CEO Mr. Thanveer Ummer said that the acquisition was in line with the multinational company’s long term strategy and that the company’s digital marketing brand ‘yospace’ is already proving to be a valuable asset to the conglomerate.
Mr. Dilip Paliyath, head of the company and now Global CTO for MGI said “We have always kept pace with the rapid advancement in technology and how people communicate with one another. By being a part of MGI, we will be able to increase our reach and growth. We are glad to be part of the group and look forward to continuing to launch innovative and cutting edge products.”