Amdocs Buys Privately-owned TTS Wireless

(RTTNews) - Amdocs (DOX), Wednesday said it has acquired TTS Wireless, a privately-owned provider of mobile network engineering services, specializing in network optimization, planning, and software-enabled solutions.

Amdocs said the acquisition will enable the combination of TTS Wireless' field-proven services with the Amdocs Open 5G portfolio. This expanded offering will help operators accelerate and simplify deployment of 5G networks with comprehensive network rollout solutions.

"This acquisition helps execute on Amdocs' strategy of providing our customers around the world with an end-to-end 5G solution, so they can efficiently accelerate their plans to launch 5G networks, rapidly deploy the innovative new services this new technology enables, and benefit from new monetization models," said Shuky Sheffer, President and Chief Executive Officer of Amdocs Management Limited.

The impact of the acquisition on Amdocs' adjusted earnings is expected to be neutral in fiscal year 2019, and neutral in the first full year after closing.

The Boards of Directors of TTS Wireless and Amdocs have approved the transaction for about $50 million in cash. Additional consideration may be paid later based on the achievement of certain performance metrics.