DIMOCO, a leading carrier billing services provider, has just bought the PSMS business of Telekom New Media Zrt, a subsidiary of Magyar Telekom Nyrt, the leading Hungarian telecoms service provider. This acquisition solidifies DIMOCO’s position as the leading carrier billing provider in the Hungarian market.
“With our recent acquisitions of businesses in France, Greece and Italy, this is DIMOCO’s fourth customer acquisition in recent history, and our momentum is only growing stronger,” explains Gerald Tauchner, DIMOCO president and CEO. “From the very beginning, the Hungarian market has been one of the most strategic and relevant for DIMOCO’s expansion strategy. With strong traction in other countries and across the EU, we are now the market leader for billing digital content via the mobile phone in the country.”
The Hungarian market boasts a 109.3% handset penetration rate, as opposed to its 11.8% credit card acquisition rate. With nearly 11million handsets in circulation, this market is primed for the current and future opportunities made possible with DIMOCO carrier billing services.
DIMOCO had taken over the PSMS (premium SMS) aggregation business of Telekom New Media Zrt. in December 2015. The Hungarian company is specialized in mobile value added services and solutions, Telekom New Media Zrt., continues its operation on the market.
The move comes following a year of consolidation of its position in carrier billing across Europe for DIMOCO. Back in May the company bought Onebip opening up a range of markets to carrier billing in Europe and Latin America.