Halebury lawyer advises Millicom on a major technology deal
Halebury commercial technology lawyer Ed Rea has advised Millicom, the international telecommunications and media company, on the establishment of a joint venture with Kalixa. The joint venture is to develop a payments service provider to operate in Africa and Latin America, initially commencing in Colombia and Brazil later this year.
The joint venture will offer payment acceptance services for both businesses and consumers, including payment gateway and point of sale solutions for merchants as well as 1-click payment and e-Wallet provision for online customers. The partnership will cover the end-to-end payment ecosystem and will offer multi-device and cross-platform services.
The joint venture will benefit from Millicom’s existing reach across Africa and Latin America through its high-profile “Tigo” infrastructure in fourteen countries and its online partnerships in 31 countries. It will also draw on Kalixa’s experience of providing a full range of payment services, including issuing, acquiring and acceptance solutions to over 8,000 merchants across 100 markets.
Ed says: “This was a complex technology transaction involving a number of challenging corporate, licensing and service elements being delivered across a number of countries in Africa and Latin America. The joint venture will result in exciting new technology being introduced to millions of new and existing customers in a number of rapidly growing markets within these territories. It was extremely rewarding working with such dynamic companies in such an exciting and fast moving industry.”
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