Yonkers, NY (PRWEB) October 03, 2014
Sohel Distributors Inc (SDI) has acquired the remaining 51% shares of SDI LLC (Sohel Distributors NY LLC) and SDI Wireless LLC formerly owned by Mox Telecom AG. The terms and conditions of the transaction are confidential.
“This transaction represents a tremendous step and opportunity for us all at SDI and our valued customers,” said Sohel Kapadia, CEO, in a statement. “I am very excited that we now have the flexibility to fully utilize our strengths and creativity to develop and expand the business to the next level. We look forward to introducing more innovative service offerings with the help of our vendors and various business partners.”
About Sohel Distributors Inc.
Sohel Distributors Inc. (SDI) was established in 1996 by Sohel Kapadia. Through his tenure, SDI has grown to gross revenue of over $150 million in revenue with innovative calling cards, PIN-less web portal, and international top-up products. SDI has a national presence in over 50,000 retail locations with over 4 million users to date.
Through its subsidiary SDI Wireless LLC, SDI introduced Black Wireless, its prepaid GSM wireless product. Black Wireless is on pace to shortly reach well over 100,000 subscribers and is expected to add an additional $50 million plus in revenue for 2015.