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Real Estate News Alert is a roundup of the most recent news that gets updated daily to keep you always up to date on the world's most attractive projects in the real estate market from the UAE (Dubai, Abu Dhabi, Umm Al-Quwain, Ajman, Ras Al-Khaimah, Sharjah and Fujairah) and sometimes from the GCC or other countries and from various news sources.


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Wednesday, February 4, 2009

Spice Group Acquires Cellucom

Spice Group firm acquires Dubai-based Cellucom
NDTV.com - New Delhi, India
Spice Group company HotSpot Retails today acquired 100 per cent stake in Dubai-based mobile and IT products retailer Cellucom.
However, as a part of the merger deal, Hotspot and Cellucom would form a new entity in which the latter would have 26 per cent stake. The new entity with an employee strength of 2,500 would be led by Sanjeev Mahajan as CEO. ...

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