Huge Group Invests In Tethys Mobile To Form Huge Digital
Huge Group Invests In Tethys Mobile To Form Huge Digital. South African investment management company Huge Group has announced that it invested in Tethys Mobile as it intends to change its name and rebrand it to Huge Digital in order for it to become the leading provider of software services for digital enablement in the MVNO market.
The company said in a statement, “We have invested in Tethys Mobile, and we intend to change its name to Huge Digital as we position it as a leading provider of software services for digital enablement in the MVNO market. MTN have recently published an RFP for digital enablement services and Huge Digital is responding. We invested in Tethys Mobile because we understand the value of its MVNO digital enablement platform, but our investment could not have been better timed. Shortly after concluding restructure agreements, the world for branded MVNOs opened.”
Huge Group is a company that facilitates collaboration between its Investee Companies, and it acts as an active catalyst of innovation across these entities through intelligent acquisitions. The company also monitors its investments and their markets on a day-to-day basis, continuously expanding its portfolio through acquisition.
It continued to say, “There are now many brands in many industries, numbering in the hundreds, who desire to own the digital channel between themselves and their customers – and to do so successfully will require virtual access to a mobile network and access to the digital platforms owned by Huge Digital. Huge Digital is keenly placed to partner with these branded MVNOs and the mobile networks who will provide them with access.”
Huge Group is a South African born purpose-led investment company that invests in organisations that operate in the converging connectivity, cloud, software and xTech markets.
