NEW YORK, July 15, 2011 /PRNewswire-HISPANIC PR WIRE/ — Grupo Marcatel, through its subsidiary in the United States, Vivaro Corporation, has completed the acquisition of 50 percent of the shares of STX Communications, a company based in New York, with an income of over 100 million dollars a year, ranked as the absolute leading distributor of prepaid phone cards in this country with over 15 thousand distribution points in the New York metropolitan area, continually growing and standing well above any other dealer in the city, strengthening Vivaro as the number one in the United States.
Through this acquisition, Grupo Marcatel strengthens its business structure and welcomes, as a strategic member of its team, Mr. Ken Tawfik, who is a member of the Tawfik family, internationally renowned in the prepaid calling card industry.
“This synergy,” said Gustavo M. de la Garza Ortega, Founder and President of Grupo Marcatel, “brings decades of experience and a global carrier infrastructure, securing our place as the best provider of prepaid calling products from the United States to more than 130 countries, invigorating our policy of absolute honesty in the marketing and operation of our cards, we have obtained a distinguished reputation and acceptance in the huge immigrant market in that region.”
In 2010, Grupo Marcatel acquired Epana, Kare and STi Prepaid; the integration of these companies represented a 700% growth in revenue and a 60% growth in the prepaid calling card market share for the Grupo Marcatel, resulting in the creation of Vivaro Corporation, which has become the world’s largest prepaid card company with revenue of more than $ 700 million dollars.
About Grupo Marcatel
Grupo Marcatel is a Mexican corporation and a key player within the telecommunications industry in America, Africa, Europe and Asia, with outstanding presence in Canada, United States, Venezuela, Colombia, Chile, Argentina, Brazil, Great Britain, Spain, South Africa and Mexico, thanks to its high capacity infrastructure and solid fiber optics network with global coverage. Marcatel’s solutions portfolio include infrastructure, domestic and international voice services, data services, long distance prepaid cards, video transmission, and call center solutions, among others.
SOURCE Grupo Marcatel