UppTalk which recently launched UppMobile in Spain, has been acquired by Spanish telecommunications provider MasMovil Ibercom and investment fund Inveready Seed Capital for an undisclosed amount, the latest in a series of acquisitions of messaging apps by telecoms providers.
Under the terms of the agreement, Inveready will own 51 percent of the assets and MasMovil 49 percent. The deal with UppTalk (formerly Yuilop) also includes its UK and US assets including the UppWireless VoIP-focused venture launched earlier in the year.
MasMovil already acted as the enabler for UppMobile’s all-IP SIM-based service in Spain and it moved to acquire UppTalk’s assets after it filed for bankruptcy in October.
UppTalk was hailed “Fastest Rising Startup” at the European Tech Startup Awards back in June after it initially launched its VoIP service in January with UppMobile following shortly after.
The acquisition also follows GENBAND’s acquisition of fring, Facebook’s acquision of WhatsApp, and Rakuten’s acquisition of Viber, among others.
UppTalk’s app can be found on most major mobile operating systems.