Mobile Deals: Velti Buys M-Telecom; Maxis Eyes Sri Lanka; MTC Wins Saudi License

–London-based software platform provider Velti is buying Bulgaria-based mobile marketing and content firm M-Telecom for between 1.01 and 2.56 million euros (US$1.35 to US$3.41 million). The initial amount of 0.48 mln euro will be paid in cash and the remaining payment will be made in cash or Velti shares by May 30, 2009. M-Telecom has around 40 percent of the Bulgarian market, and counts M-Tel, the biggest mobile operator in Bulgaria, as a customer. Velti said the deal complements its existing relationship with Cosmote, which owns the second-largetst Bulgarian operator Globul. (Dnevnik)

–Malaysian operator Maxis may join its parent company Usaha Tegas in a bid to buy a stake in Sri Lanka Telecom. They hope to get Japanese telco NTT to sell its 35.2 percent stake in Sri Lanka Telecom for about $225 million, reports TelecomAsia.

–Kuwaiti telco MTC has won the third mobile telecommunications license in Saudi Arabia, after offering a bid of $6.1 billion. MTC currently holds a 50 percent stake in a consortium with Saudi companies, although that will be reduced to 25 percent after a mandatory IPO reports TelecomsAsia.