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Outsourcing News : Article

Euronet Acquires Brodos SRL, a Leading Prepaid Service Provider in Romania

Euronet Worldwide Inc. (“Euronet” or the “Company”) (NASDAQ: EEFT), a leading electronic payments provider, today announced the recently completed acquisition of 100% of the shares of Brodos SRL, a subsidiary of Brodos AG, a privately held German company providing retail and electronic distribution services to the mobile telephone industry.

Brodos SRL (Brodos Romania) is a leading electronic prepaid mobile airtime processor in Romania. The acquisition of Brodos Romania marks the entry of Euronet into the Romanian prepaid market, which is Euronets 12th prepaid market.

Established in 2001, Brodos Romania specializes in processing electronic purchases of prepaid mobile phone airtime primarily on point-of-sale (POS) terminals. Brodos Romania also offers electronic recharge or top-up services for mobile airtime through ATMs, PC and electronic cash register systems. The company currently supports top-up purchases at more than 14,000 POS terminals in Romania. In addition to prepaid mobile top-up, Brodos Romania also offers prepaid long distance calling cards and internet services cards.

Brodos Romania has multi-year processing agreements with Vodafone S.A. and Orange S.A., the two largest mobile operators in the market. Additionally, Brodos Romania has direct relationships with the countrys leading distributors of prepaid mobile airtime, as well as major retailers and petrol station chains.

Read entire article on Business Wire

Posted: Monday, February 12, 2007

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