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General

BICS to acquire TeleSign for USD 230 million

Tuesday 25 April 2017 | 08:26 CET | News
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BICS, the wholesale arm of Belgian operator Proximus, announced an agreement to acquire US-based TeleSign for USD 230 million. The takeover gives BICS a new growth area beyond network services, providing authentication and mobile identity services to internet service providers. The deal is expected to help diversify the customer base and offer cross-selling opportunities as well as strengthen geographic coverage of the company, particularly growing its position in the Americas. TeleSign will continue to operate independently as a wholly-owned subsidiary of BICS with the brand name TeleSign,

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Categories: General
Companies: BICS / Proximus / TeleSign
Countries: World
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