Home MTS to acquire NVision from Sistema
 

Keywords :   


MTS to acquire NVision from Sistema

2015-07-20 11:11:00| Telecompaper Headlines

(Telecompaper) Russian operator MTS announced an agreement to acquire NVision group. NVision is the developer and owner of the MTS billing system and one of the largest system integrators and IT providers in Russia. MTS is buying NVision from their parent company Sistema for an enterprise value of up to RUB 15 billion, including debt. In the first stage of the transaction, MTS has acquired the NVision subsidiaries Sitronics Telecom Solutions and NVision Czech Republic. The transaction gives MTS control over its billing system, which should help reduce time-to-market for new products and reduce billing and IT-related expenses, the operator said. NVision Group's expertise will enable MTS to accomplish three key objectives: improve service for MTS subscribers through enhancements to the billing platform; strengthen its position in the corporate market by offering clients complementary IT and integration solutions; and reduce spending on in-house IT through the realization of economies of scale. NVision counts over 200 customers and partnerships with the world's leading software developers and equipment vendors. Its projects include the deployment of IT infrastructure, implementation of control systems, re-engineering and automation of business processes, build-out of complex IT security systems and niche services using a cloud model. 

Tags: sistema acquire mts nvision

Category:Telecommunications

Latest from this category

All news

»
08.11Up close with the 300 tonne driverless trucks
08.11China is trying to fix its economy. Trump could derail those plans
08.11Atlantic Tropical Weather Outlook
08.11Eastern North Pacific Tropical Weather Outlook
07.11Remnants of Fourteen-E Graphics
07.11Remnants of Fourteen-E Forecast Discussion Number 6
07.11Remnants of Fourteen-E Wind Speed Probabilities Number 6
07.11Remnants of Fourteen-E Public Advisory Number 6
More »