For-side takes €8m stake in mobile service provider
The move comes just a matter of weeks after iTouch, which provides phone games, ringtones and text services, extended its reach into Europe by making an agreement to buy the mobile entertainment arm of Saunalahti, the Finnish telecommunications operator, for up to €30m in cash and shares. iTouch has not taken a reciprocal stake in For-Side.com.
The move gave iTouch access to 20 countries across Europe, including Russia, which is expected to be the fastest growing market for premium text message services in the next few years.
