O2 MBO IN ASIA … YES, IT’S A MANAGEMENT BUYOUT!
European 2G and 3G carrier Telefónica O2 is exiting its device business in Asia and the current regional management team around O2 Asia’s CEO Mark Billington is taking over O2 Asia under a new name. The transition has begun already and will be completed in “a matter of months”.
MWG COMPANY’S INFORMATION :
Company’s Name : “Mobile and Wireless Group (MWG)”
Investor : Expansys (in the U.S. known under its brand name “Mobile Planet”)
CEO-in-waiting : Mark Billington
Warranties : Existing O2 owners, fear not, as MWG will take over O2 Asia’s service and warranty obligations.
New products launching: The company will also continue to supply Windows Mobile PDAs and smartphones to the Asian market.
To be launched soon by MWG :
1) Xda Atom 4
2) Xda Flame 2
3) Xda Zinc 2
(Mark will in future, launch new products under MWG brand.)
The Mobile Hornet wishes Mark and his team GOOD LUCK AND SUCCESS.


