Proximus subsidiary BICS is set to acquire TeleSign as it seeks to expand its presence in cloud communications.

The Belgium-based operator’s wholesale arm will pay $230 million for the US-headquartered TeleSign, a communication platform provider with annual revenues of around $100 million.

The combined company will offer developers and product owners the ability to add real-time communications features to applications and services without having to build backend infrastructure and interfaces, BICS said.

It added that the acquisition would allow it to diversify in terms of customers, solutions and geographies.

For example, it is also expected to enhance the company’s presence in the Americas and bring internet brands into its customer base.

The transaction is expected to close in the third quarter of 2017 after regulatory conditions are fulfilled.

Post-acquisition, TeleSign will operate independently under the same brand name as a wholly owned subsidiary of BICS, with Aled Miles continuing as CEO and BICS CEO Daniel Kurgan becoming Chairman.

Kurgan said: “By combining the power of TeleSign’s advanced cloud communication platform and customer base with BICS’s market-leading footprint and global reach, we are well positioned to lead the development of one of technology’s most exciting sectors.”

The acquisition by BICS comes as it continues to weigh on parent company Proximus’s performance.

In 2016, BICS saw sales drop 9.6 percent to €1.5 billion on the back of falling voice traffic.

More News

Iliad enters content game in France, finally launches Italian mobile business Iliad enters content game in France, finally launches Italian mobile business Iliad has acquired football rights in France and launched its opco in Italy as it looks to reboot after a disappointing set of financial results. More detail
Three UK appoints new CCO, CFO Three UK appoints new CCO, CFO The departure of Three UK's Chief Commercial Officer after just 18 months in the job has triggered a shake-up of the mobile operator's top team. More detail
TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk has agreed to sell 80,000 business customers to rival Daisy Group in a £175 million deal. More detail
A1 Telekom Austria Group rebrand reaches Bulgaria A1 Telekom Austria Group rebrand reaches Bulgaria Bulgaria is the third A1 Telekom Austria Group opco to get rebranded as the telco looks to market itself as a provider of "advanced" IT, IoT, cloud and content services. More detail
Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services has expanded its work with Dobroflot by developing a customised IoT solution for the Russian fishing company. More detail
    

 

European Communications is now
Mobile Europe and European Communications

  

From June 2018, European Communications magazine 
has merged with its sister title Mobile Europe, into 
Mobile Europe and European Communications.

No more new content is being published on this site - 

for the latest news and features, please go to:
www.mobileeurope.co.uk 

 

@eurocomms