WIRELESS AND MOBILE NEWS

OZ Communications Inc. has entered into an agreement to be acquired by Nokia Corporation

OZ is a leading mobile messaging provider of mobile IM and consumer email services. In April 2008, Wellington Financial provided a $10 million venture debt financing commitment for OZ. The funds were used for general working capital purposes and to enable the company to expand product development.

OZ has 5.5 million monthly paid subscribers.  The services allows mobile users to access instant messaging services from AOL, Google, Microsoft and Yahoo.