Tofane Global has found itself another consolidation opportunity. Yesterday they announced a deal to acquire NOS International Carrier Services.
NOS International Carrier Services is a division of the Portuguese communications and entertainment group NOS. Basically, it's NOS's wholesale voice, SMS, IPX, and mobile data arm, and has a deep presence in the Portuguese-speaking parts of the world with 80 wholesale customers and 2 billion minutes of international voice traffic annually.
The acquired business will be merged into iBASIS, Tofane Global's operating brand, to which it will contribute EUR141M annually to the company's top line. It's another step in Tofane Global's plan to roll up the wholesale voice business. Tofane Global was founded three years ago by Alexandre Pébereau, the former CEO of Orange Carriers, and started off its consoldation plans by purchasing Altice Europe's international voice business, and followed up by buying iBASIS from KPN.
No doubt they are out there looking at other such opportunities right now as well. And by out there, I obviously mean virtually, given the current situation. I wonder what sort of surge in traffic the international wholesale voice business is seeing these days.
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