Amdocs in talks to buy Comverse billing division

Comverse, formerly one of Israel’s flagship high-tech companies in the process of divesting its assets, is asking $400 million.

Amdocs,    president and CEO,   Eli Gelman

Comverse Inc. (Nasdaq: CNSI), formerly one of Israel’s flagship high-tech companies, is in the process of gradually divesting its assets. Just one week after announcing its cooperation agreement with India’s Tech Mahindra, which includes the transfer of hundreds of Comverse digital services employees to the Indian company, it has become apparent that Comverse is in talks to sell a second division – its billing division – to Amdocs Ltd. (NYSE: DOX), for $300-400 million…

 

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GLOBES logo-eng (1) Published by Globes [online], Israel business news – www.globes-online.com

 

 

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