11/07/2025
A bold new chapter begins at Upstream!
We’re proud to announce that Upstream has been acquired by Intersel, a global investor with deep telecom expertise and a strong presence across emerging markets. This marks a major milestone in our mission to drive mobile marketing innovation and expand our impact worldwide.
As part of this exciting transition, we welcome Salim Khoury as Executive Chairman of Upstream. With over 35 years of experience scaling businesses in telecom and digital transformation, he brings invaluable insight and a truly global perspective to our leadership team.
“Upstream’s global reach and market potential are exceptional,” said Mr. Khoury. “I look forward to working closely with the team to unlock new opportunities for growth and transformation.”
“This acquisition is a strong vote of confidence in everything we’ve built,” added Dimitris Maniatis, CEO of Upstream. “I’m especially pleased to welcome Mr. Khoury as Executive Chairman. His telecom expertise, market insight, and global reach will be instrumental as we scale our solutions and expand into new markets.”
This transaction also marks the conclusion of Actis’s decade-long role as Upstream’s primary investor, closing a valued chapter in our growth story.
Intersel’s expertise and market access are already opening doors and driving tangible opportunities for Upstream in key markets – momentum that is expected to help the company accelerate its growth even further.
The future is bright. And it starts now.