Telco Insights - Infobip to Acquire Peerless Network and Raises Additional $500 Million
Infobip has announced it will acquire Peerless Network, a US-based VoIP provider. The agreement is subject to regulatory approvals and likely to be completed in 2022. Infobip shares and cash will finance the transaction.
Founded in 2006, Infobip is a telecommunications and IP platform provider that specialises in A2P SMS, RCS, voice, email, push notifications and chat applications (including WhatsApp, Viber, LINE, Facebook Messenger, and Telegram). Infobip presently supports the transmission of more than 8 billion messages monthly, representing approximately 5% of the global addressable A2P market.
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