Canada’s Redknee, a provider of business-critical billing and charging software and solutions for communications service providers, has been revealed as the buyer for Nokia Siemens Networks’ Business Support Systems (BSS) business. Some 1,200 employees would transfer to the new owner. Redknee is paying nearly $20 million in cash at closing plus a maximum of $32.7 million for certain performance-based cash earn-outs expected to be paid during the 12 to 36 months post-closing. The purchase will be financed through a combination of cash on Redknee’s balance sheet and debt facilities…ADTRAN Inc.’s GPON platform is enabling the Forthnet to implement what it says is the first Fiber-to-the-Home (FTTH) pilot network in the metropolitan area of Athens. Triple-play provider Forthnet runs a DSL network; its customers will be migrated to the new FTTH services.

The Daily

Subscribe

FTC Finds ISPs Collect Troves of Data

The FTC presented a staff report Thursday, declaring that many ISPs collect and share far more data about their customers than many consumers expect.

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Dec 7
Most Powerful Women Celebration Register to Join Us in NYC to Celebrate!
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact John@cynopsis.com for more information.