GREECE - TLcom and Alpha Ventures invest EUR 11m into Upstream

Established in 2002, Upstream is a global player in mobile value added services (VAS). The company's focus and main growth driver has been large scale revenue generating mobile promotions for operators and multinational brands.

Upstream has been profitable from the first year of its operation and its growth has been entirely self financed. It will use this financing to drive more rapid growth in winning mobile operator customers across the globe. In 2008, it recorded a turnover in excess of EUR 38m.

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• Topics
• Expansion
• Southern Europe