Connect with us

Hi, what are you looking for?

Jewish Business News

Business

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…

 

[READ MORE]

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

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

 

 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.