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Amdocs buys MX Telecom for $104m – Details

Here’s some more information on the MX Telecom purchase by Amdocs:

Amdocs today announced that it has acquired UK-based MX Telecom Ltd at CTIA Wireless 2010. Key highlights include:

Under the terms of the agreement, Amdocs has acquired MX Telecom for approximately $104 million USD in cash, net of debt and cash.

MX Telecom will become part of Amdocs’ OpenMarket, a business of Amdocs that operates a market leading mobile transaction hub.

The joint OpenMarket MX Telecom business will provide a hosted platform to extend mobile payment and messaging capabilities through an integrated network and product portfolio. 

Congratulations everyone at MX Telecom!

Posted via email from MIR Live

3 COMMENTS

  1. Its interesting to see Amdocs go the distance from OSS/BSS solutions to video codes and mobile payments as well. Will be interesting to see how MX Telecom's micro-credit feature plays out in Amdocs' portfolio. further details on the synergies at

    http://bit.ly/aDS2KA

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