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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Published by Globes [online], Israel business news – www.globes-online.com
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