Alpha Gen Capital
Alpha Gen Capital
Tsachy Mishal • 15 Comments
Apr. 29, 2015, 5:31 PM
- Along with its FQ2 results, Amdocs (NASDAQ:DOX) announces it's buying "a substantial majority" of Comverse's (NASDAQ:CNSI) business support systems (BSS) outsourcing unit assets for $272M in cash. The deal is expected to close before the end of September. Globes previously reported Amdocs was in talks to buy Comverse's billing services ops for $300M-$400M.
- Amdocs declares the purchase allows it to diversify its global customer base, "particularly in Asia Pacific, Latin America and Europe, and including Europe's cable and satellite market." Following the deal, Comverse will be exclusively focused on digital services.
- Amdocs and Comverse are unchanged AH for now.
Apr. 21, 2015, 3:39 PM
- Israel's Globes reports Comverse (CNSI +6.8%) is in advanced talks to sell its billing services ops to Amdocs (DOX +0.9%) for $300M-$400M.
- The report follows a deal between Comverse and Indian outsourcing firm Tech Mahindra that involves the transfer of hundreds of employees from Comverse's Digital Services unit.
- Comverse has spiked higher on the report; shares jumped 5 days ago following a Q1 beat. JPMorgan argues a deal would make strategic/financial sense for Amdocs, but reiterates a Neutral rating.
Nov. 5, 2013, 5:38 PM
- Amdocs (DOX) acquires network management and self optimizing network solutions provider Celcite for $129M in cash.
- The acquisition builds on Amdocs expansion into network solutions following the company's purchase of Actix for $120M in Sept.
- Amdocs expects the acquisition to be "modestly accretive" to 2014 EPS excl. acquisition and equity-based compensation costs.
- Previous: Amdocs misses by $0.01, misses on revenue
Sep. 3, 2013, 8:36 AM
- Amdocs (DOX) acquires mobile network optimization provider Actix for $120M.
- The purchase aims to marry Amdocs' operations and business support systems with Actix's geo-located network information capabilities.
- Amdocs does not expect a material impact to FY 2013 and 2014 EPS (excluding acquisition and equity-based compensation expenses).
Aug. 29, 2012, 2:45 PM
Struggling and restructuring Nokia Siemens (NOK, SI) is in "advanced talks" to sell its Business Support Systems division, says Bloomberg. The division, which provides billing services to carriers, has reportedly drawn interest from Ericsson (ERIC), Amdocs (DOX), and P-E firms. Sources think it could fetch a sale price of €300M ($377M).| Aug. 29, 2012, 2:45 PM