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Titan Buys Sprint MVNO

Titan Global's wireless subsidiary to acquire Ready Mobile, a regional Sprint MVNO targeting nationwide retailers

February 16, 2007

1 Min Read

RICHARDSON, Texas -- Titan Global Holdings, Inc. (OTCBB:TTGL), a high-growth diversified holding company, announced today that Titan Wireless, a subsidiary of Titan Communications, consummated a letter of intent to acquire certain assets of Ready Mobile, LLC, www.readymobile.com, a national Sprint Mobile Virtual Network Operator (“MVNO”).

This acquisition is consistent with Titan’s stated strategic plan to opportunistically acquire and roll-up competitive MVNOs. Titan has and will target and pursue other MVNO’s throughout 2007 for similarly structured acquisitions.

Ready Mobile distributes prepaid wireless communications solutions nationwide through a vast distribution network that includes more than 4,000 retailer locations. Ready Mobile generated over $9 million in revenue and accumulated over 30,000 subscribers in its first year of operations in 2006.

“We are very excited about our planned acquisition of Ready Mobile,” said Kurt Jensen, President and Chief Executive Officer of Titan’s Communications Division. “Our existing retail footprint will bolster Ready Mobile’s retail sales channel and the addition of Ready Mobile’s wireless customers will double our active subscriber base. Furthermore, we expect to achieve additional synergies and cost savings by leveraging Ready Mobile’s distribution strength and Titan’s operating capabilities.”

Titan Global Holdings Inc.

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