Tofane Global (TOFANE), the communications solutions group enabling operators and digital players worldwide, has announced the acquisition of NOS International Carrier Services, a subsidiary of NOS, a communications and entertainment group in Portugal, the company said.
The transaction continues TOFANE´s M&A and consolidation strategy, following the September 2018 acquisition of Altice Europe N.V. international mobile and voice carrier business in France, Portugal, and the Dominican Republic, and the February 2019 acquisition of iBASIS from Royal KPN N.V.
In 2019, NOS International Carrier Services recorded revenue of 141 million euros. The company will be consolidated under the iBASIS brand, boosting its size, reach, and innovation. iBASIS will be the preferred partner for all NOS international voice, SMS, IPX services, and mobile data.
The deal strengthens iBASIS´ footprint in Portuguese-speaking markets, including Portugal, Brazil, Angola, Cape Verde, Guinea-Bissau, Mozambique, East Timor, Macau, Sao Tome, and Principe. iBASIS will service NOS´ 80 wholesale customers, adding over 2 billion minutes annually to its international voice traffic. The transaction also reflects TOFANE´s strong development on mobile services by taking over NOS´ international SMS services.
The transaction is subject to regulatory approvals.
Tofane Global is the communications solutions group enabling operators and digital players worldwide with its consolidation and innovation model, so customers can achieve their core strategies, performance, and transformation. For more information, visit www.tofaneglobal.com.
NOS is a communications and entertainment group in Portugal. It offers latest generation fixed and mobile phone, television, Internet, voice, and data solutions for all market segments. It is a provider of Pay TV, new generation broadband services, and in cinema distribution.