Specialized Mobile Provider Webtel.mobi – which provides high quality but low cost mobile calling and texting services in over 195 countries - is going ahead with preparation for an IPO in 2010.

Citing the overwhelming success of its recent launch event – reportedly one of the most successful in history – as well as the robust valuation of the company by two independent organisations and significant interest in the company from both the Asian and North American markets, the company indicated that its IPO planning was far advanced.

“We have already had very positive interaction with the management of the exchange where we intend to list the company’s shares, and have started appointing our professional advisors. We have also received strong expressions of interest from institutional and retail investors in Asia and North America, who are very keen to participate in an IPO when the company goes to market” said Stuart Sterzel, CEO of Webtel.mobi.

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