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The investment
On April 6, 2001, NCP invested on behalf of PDICL
PhP25 million in
Chikka Holdings Limited acquiring a minority stake in the company.
The future
Chikka
has been adding 800-1000 new users a day being officially launched with Smart
in September 2001(up from 200-400 a day in November.)
Their message volume has also been increasing at a steady rate (12,000
messages a day for the TxtMessenger product). Chikka’s rate of
growth in terms of subscriber acquisition will increase sharply once it is
pushed by both Smart and Globe, the leading Philippine mobile carriers.
Chikka
relationships with Smart and Globe are getting stronger everyday. Globe
collaborates closely with Chikka to develop and deploy new products or product
variants. One valuable offshoot of the Globe relationship is the access
to the Singtel relationship.
Chikka is moving quickly to expand in Asia, Europe and the Americas.
Technology partnerships are being forged with dominant carriers and
technology companies worldwide.
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