ZUMA clears acquisition of sim.market eSIM brand through UK subsidiary
MG News | October 05, 2026 at 01:16 PM GMT+05:00
October 05, 2026 (MLN): Zuma Resources Limited (PSX:ZUMA) has
approved the acquisition of 100% ownership and associated rights of the
sim.market brand through its wholly owned subsidiary, Zuma Global Ltd, United
Kingdom.
The company's Board of Directors
approved the move at a meeting held on October 2, 2026., the company’s filing on PSX revealed.
The Board has also authorized the
Chief Executive Officer to negotiate and finalize the terms and structure of
the transaction, including the purchase consideration, adjustment or settlement
of receivables, assets and liabilities, transfer of related business rights and
assets, and any other commercial terms deemed appropriate in the best interests
of the company.
The proposed acquisition covers, where
applicable, the sim.market brand and trademark rights, domain name, website and
platform rights, goodwill, associated intellectual property, customer and
commercial rights, and other related business assets and rights forming part of
the sim.market business.
The platform, www.sim.market, is an
international digital connectivity and eSIM platform that provides travel and
global connectivity solutions to customers across multiple markets.
The company said the acquisition is
aligned with its strategy of expanding its presence in the technology and
digital telecommunications sector and developing its international eSIM and
connectivity business through Zuma Global Ltd.
Zuma said it will make further
disclosures on the finalization and completion of the transaction, and on any
other material developments, as required under applicable laws and regulations.
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