(Telecompaper) Sterlite Technologies has agreed to buy OSS/BSS provider Elitecore from a fund of the Carlyle Group for INR 1.8 billion cash. The takeover by India-based Sterlite follows Elitecore's expansion in Asian markets in recent years, as well as the Middle East & Africa and more lately Eastern Europe and Latin America. The profitable company is expected to generate revenues of INR 1.5 billion this year and EBITDA of INR 160 million. The deal expands Strelite's portfolio from optical products and systems intergration into software for operations support, business support and revenue management. Sterlite expects to close the deal soon, pending regulatory approvals, and sees the takeover adding to earnings from 2017.