Spice Group owned, Spice Retail Ltd acquires Karnataka-based Global Access which is a mobile retail phone chain.

Commenting on the acquisition Mr. Dilip Modi, Managing Director, Spice Televentures said, “Retail in India is complex; and we being a pioneer in mobile retailing in the country realise its nuances. The completion of this acquisition represents a significant step for us in our growth strategy. Global Access has been a strong regional brand. This acquisition will bring in presence, expertise and experience of their retail business in the region and unleash a force multiplier that generates value for the business as well as for the customer across segments. This is but a step towards a larger goal”.

The acquisition further consolidates Spice’s position in the mobile phone retail market with its earlier acquisition of Cellucom.

Spice plans to offer gaming and imaging products as well through its retail outlets.

“This acquisition along with our recent acquisition of Cellucom aims to improve the retail capillarity of the organization. It also reaffirms our commitment towards the sector and helps us boost our customer profile with an increase in reach and enhancement of the product portfolio.” added Mr. Dilip Modi.

Mr. Sanjeev Mahajan, CEO, Spice Retail Ltd. commenting on the acquisition said, “As we embark upon yet another milestone in our quest for retail excellence, we welcome the employees of Global Access to the Spice family and look to working closely with them for creating value for the customer.”