Tofane Global Announces Its Next Acquisition: NOS International Carrier Services
Tofane Global (TOFANE), the leading communications solutions group enabling operators and digital players worldwide, announces today the acquisition of NOS International Carrier Services, a subsidiary of NOS, a leading communications and entertainment group in Portugal. 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 (News - Alert) N.V.
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Alexandre Pébereau, Group CEO and founder of TOFANE (left) and Manuel Ramalho Eanes, Executive Board Member of NOS (right) (Photo: Business Wire)
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.
"Within twelve months, we completed the acquisitions and integration of two leaders, Altice Europe N.V. international voice carrier business and iBASIS, to become the Top 3 and first independent global carrier. This latest transaction confirms the attractiveness of our business model and expertise in reliable migrations enabling the operators to focus quickly on their core operations," comments Alexandre Pébereau, Group CEO and founder of TOFANE. "After the closing, as we already strongly grow in mobile services, they will represent a third of our total activity."
"For NOS, this transaction is a path for growth. We were seeking the right way to capitalize on our core business while optimizing our wholesale services. TOFANE provides us with the solution we needed for more efficient and economical voice and mobile international operations. It enables us to extract the highest value from Tier 1 access, economy of scale, while maintaining independence vis-a-vis larger players. It also allows us to partner with iBASIS on new services and innovation, starting with our SMS solutions," adds Manuel Ramalho Eanes, NOS Executive Board Member.
iBASIS' carving-out solutions enable operators and digital players worldwide to better manage the complexities of the international voice business by delivering competitive and predictable pricing, future proofing network upgrades, and mitigating cost, profitability, and quality risks while providing faster time to market for new international services.
The transaction is subject to regulatory approvals.
Founded in 2017 by Alexandre Pébereau, former Orange (News - Alert) Carriers CEO and founder of the ITW Carriers' Council, TOFANE is backed by financial partners including Ciclad and Trocadero Capital Partners, and Société Générale as its primary bank.
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