Spice Global in talks to buy Dubai's Cellucom

30 May 2010

Bhupendra Kumar Modi, chief executive of Singapore-based Spice Global has said the firm is in talks to buy the Dubai-based Cellucom and other distressed regional mobile retailers as part of a major push into the Gulf region, The National has reported. Spice Global plans to open 300 to 400 stores in the GCC by the end of next year, with an investment of about $150m, Modi said. The company is in the process of establishing its regional headquarters in Dubai, he added.

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