Coinstar Acquires Mundo Communications Network

Wednesday 9 March 2005 17:18 CET | News

Coinstar, has acquired Mundo Communications Network, which currently operates as El Toro Prepaid.

This acquisition of one of the leading prepaid providers in the United States continues to strengthen Coinstars presence in convenience stores, travel centers and independent retailers; bolsters its sales and service operation; and broadens Coinstars portfolio of pay-as-you-go products. The acquisition of Mundo Communications adds retail accounts and additional pay-as-you-go products to Coinstars e-payment services business. Mundo serves approximately 2,300 retail accounts throughout the Western United States including convenience stores (Petro and Tesoro), truck stops and independent retailers. Company products and services include prepaid MasterCard(R) cards, prepaid wireless airtime, prepaid long distance, gift card and loyalty programs, and prepaid phone accessories. Mundo Communications 19 employees, including the current management, will operate under the new name El Toro Prepaid Inc. The company will continue to operate in Kennewick, Wash., as a wholly-owned subsidiary of Coinstar, Inc.

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Categories: Payments & Commerce | Payments General
Countries: World
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