Private equity

Why Warburg Pincus invested in a Singaporean mobile virtual network

Big brand private equity companies are opening their wallets for high-tech, low-asset companies riding off consumers unabated demand for mobile internet access. Singapore’s Circles.Life is the most recent recipient of their financial backing.

With the continuous and rapid development of information technology, capturing consumer traffic volume is the new gold rush.

Global mobile data traffic is projected to increase nearly sevenfold between 2017 and 2022, according to Statista. And so far so good, because as of February 2019, mobile devices accounted for 48% of web page views worldwide, with mobile-first markets such as Asia driving up the numbers.

The glowing outlook gives confidence to investors like Warburg Pincus to bet on companies like Circles.Life, a Singapore-based “digital” telco that offers full service mobile network services, but doesn’t have physical retail stores to promote their wares or, as they see...

¬ Haymarket Media Limited. All rights reserved.

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222