VoIP company Techedge's wholly-owned subsidiary China Quantum Communications has reached a tentative asset purchase agreement with Nettv Media Limited, for Nettv's MobiChannel unit, an online sales and event promotion company for online entertainment business in China.

Terms and conditions of the proposed acquisition were not disclosed.

MobiChannel is a sales and promotion company for online gaming industry in China, with over 600 field promotion staff having worked on over 5000 Internet cafes.

The acquisition will include tangible and intangible assets of MobiChannel, including its online marketing and promotion system, Internet cafe monitoring system, staff management system, Mobi3 mobile payment system, proprietary SMS gateway, point card system and gift center, entire client base, and brand names.

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