Fonebox Retail Limited — JV/Acquisition, 13-03-2026: Acquisition

Fonebox Retail is expanding its global reach by acquiring a 5% stake in Dubai-based Digiwave Global Trading Fzco for AED 10,000. Digiwave is a significant global wholesaler specializing in mobile phones, serving markets across the UAE, USA, China, and more, with a turnover of AED 14,76,43,570. This strategic acquisition aims to expand Fonebox's footprint in international markets, seize emerging trade opportunities, and strengthen its global presence in mobile phone distribution. The move is set to diversify Fonebox's operational scope and enhance market access.