Under the terms of the Letter of Intent, WHEN Group will initially purchase 26% of CrossMobile with the option to ultimately acquire controlling interest.
In addition to offering innovative cybersecurity solutions through CrossMobile, the company plans to offer low-cost roaming, cloud IP PBX, virtual conference, SMS for business, Internet of Things (IoT), and other value-added services that provide strong competitive advantages and opportunities for rapid growth.
Securing a Polish full MVNO license will enable WHEN Group to service not just Poland, but the entire population of 540 million in the EU, while providing the Company the necessary infrastructure to accelerate the market launch and marketing of our proprietary cybersecurity solutions.”Īccording to Prescient Strategic Intelligence, the European MVNO market generated $27.7 billion revenue in 2020 and is expected to grow at a CAGR of 5.8% through 2030 when it is forecasted to reach $48.7 billion. “The acquisition of CrossMobile will give WHEN Group a strong foothold in one of the most advanced telecomm markets in Europe. (“CrossMobile”), a licensed full mobile virtual network operator (“MVNO”) in Poland.
World Health Energy Holdings (“WHEN Group”), a cybersecurity company with proprietary technologies developed to protect individuals and enterprises from cybersecurity threats, has signed a Letter of Intent (“LOI”) to acquire CrossMobile Sp.z o.o.