Swedish Telia Mobile and Ledstiernan invest in company for mobile electronic valuables  

Today Telia Mobile and Ledstiernan announced their investment of a total of 6,5 MSEK in the wireless company TicketAnywhere, a subsidiary of NetLight Consulting. TicketAnywhere develops a platform for the handling of mobile valuables, such as tickets, coupons and vouchers. This platform is a step toward the development of the mobile phone as an extension of the wallet.  

We are pleased to have been able to secure investors that are our strategic match, their long term perspective and commitment to the field of mobile Internet is invaluable. To do this given the current frosty climate on the VC-market feels like something of a victory, says Patrik Wahlström, CEO TicketAnywhere.  

Ledstiernan have invested 4 MSEK for 12,9 per cent of the shares in TicketAnywhere. Telia Mobile have Ledstiernan have invested 2,5 MSEK, corresponding to an 8,1 per cent share in the company. The share issue is accompanied by options, that will give Ledstiernan a 32,2 per cent share after full dilution and Telia Mobile 19,4 per cent share respectively of the company.  

TicketAnywhere fits very well with our investment focus, technology and infrastructure projects within wireless communications. The technology that TicketAnywhere represents can bring substantial savings to industries where the management and processing of tickets and other electronic valuables are an integral part of the business, for example within airline passenger services, says Jan Carlzon, Chairman of the Board, Ledstiernan and previously CEO of SAS.  

Value-adding distribution and redemption of valuables

TicketAnywhere adds customer value by managing the electronic distribution and redemption of valuables such as tickets, coupons and vouchers. By making a booking or ticketing system accessible via the consumer’s mobile phone, a direct, digital and more efficient channel is established between buyers and sellers.

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