December 6, 2012

Global Connections 12/06/12

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.