DIMOCO Acquires Payment Division of Telekom New Media

DIMOCO Acquires Payment Division of Telekom New Media

VIENNA — DIMOCO has announced its acquisition of the premium SMS business of leading Hungarian telecommunications service provider Telekom New Media Zrt., a subsidiary of Magyar Telekom Nyrt.

According to the company, this acquisition solidifies DIMOCO’s position as the leading carrier billing provider in the Hungarian market.

“With our recent acquisitions of businesses in France, Greece and Italy, this is DIMOCO’s fourth customer acquisition in recent history, and our momentum is only growing stronger,” says DIMOCO CEO Gerald Tauchner. “From the very beginning, the Hungarian market has been one of the most strategic and relevant for DIMOCO’s expansion strategy. With strong traction in other countries and across the EU, we are now the market leader for billing digital content via the mobile phone in the country.”

Tauchner notes that the Hungarian market boasts a 109.3 percent handset penetration rate, as opposed to its 11.8 percent credit card acquisition rate. 

“With nearly 11 million handsets in circulation,” Tauchner adds, “this market is primed for the current and future opportunities made possible with DIMOCO carrier billing services.”