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

(My Original Blog Post: http://ping.fm/RctNy)

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