TNS, a provider of data communications services for transaction-oriented applications, has closed its acquisition of the Communications Services Group from VeriSign. The purchase price paid to VeriSign was approximately $226 million in cash, subject to post-closing working capital adjustment, and was funded by TNS through the proceeds from a new $230 million Term Loan Facility.

The acquisition is intended to help TNS scale its unaffiliated SS7 network in the United States, become a provider of intelligent database services, including caller ID, to the telecommunications industry, and enter the roaming and clearing services market provided to the wireless telecommunications industry.

TNS is integrating the acquired assets into its Telecommunication Services Division. Management expects the transaction to be accretive to TNS’ 2009 adjusted earnings from the day of close and will provide financial and operational detail relating to the acquisition as well as an update to TNS’ combined financial outlook on its first quarter 2009 conference call to be held after the market closes on May 5.

The Daily



Nexstar named Jim Rose vp/general manager of its San Francisco operations, including KRON-TV. He’ll come over from King 5 Media Group where he currently serves as pres/general manager. –

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


Jun 10
The FAXIES Awards – Virtual CelebrationSave the Date! - June 10, 2021
Jul 16
Diversity List – 2021 Nominations Due: July 16, 2021
Sep 10
Most Powerful Women – 2021 Nominations Due: Sept 10, 2021
Dec 7
Most Powerful Women CelebrationSave the Date!
Full Calendar


Seeking an INDUSTRY JOB?

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 for more information.