Wednesday, December 5, 2012

OSS/BSS Consolidation: Redknee to Buy NSN BSS

Nokia Siemens Networks announced that Redknee has reached " a definitive agreement to acquire Nokia Siemens Networks’ Business Support Systems (BSS) business. Nokia Siemens Networks’ BSS business provides real-time charging, rating, policy, and customer care solutions to more than 130 communication service providers, including half of the top 100 global mobile operators .. Approximately 1200 employees would transfer to Redknee, underpinning current service levels and quality for customers .. The acquisition is anticipated to close in the first half of calendar year 2013".

In the last months Redknee announced it has secured $20M credit facility (here) and C$17.5M bought deal financing (here).

"Redknee expects to finance the transaction through a combination of cash on its balance sheet and debt facilities. Such debt facilities are subject to conditions and will be entered into on, and subject to, closing of the acquisition. The total consideration paid by Redknee for the BSS business will include 15 million euros in cash at closing, plus a maximum of 25 million euros for certain performance-based cash earn-outs expected to be paid over 12 to 36 months post-closing" 

See "Redknee plans to acquire Business Support Systems from Nokia Siemens Networks" - here.

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