HIG Capital says they were duped into overpaying for Mobileum in 2022 because of ‘brazen, massive, systemic fraud’.
Past government neglect is to blame for the slow pace of a review into the purchase of Truphone by German used car trader Hakan Koç.
Billionaire Patrick Drahi now owns 18% of BT, but it is clear that national security laws would be used to block a takeover.
Symmetry CEO Bill Leahy has expanded his company’s portfolio by adding the PRISM fraud intelligence service that Yates supplies to over 60 telcos globally.
The California-headquartered suppliers of risk and security technology will also continue recruiting in India, which will be home to over two-thirds of their global headcount.
Ericsson and Vonage have given themselves another 3 months to close their deal whilst US authorities are clearly taking a close look at further revelations about Ericsson wrongdoing.
CEO Bobby Srinivasan has grown his company through acquisitions and given it the scale necessary to attract new private equity owners HIG Capital.
Repeated losses led founder David Toms to sell the telecoms RAFM business he originally established in Britain in 1990.
The combined business will employ 1,800 people and serve 750 telcos around the world.
The Arab telco group has bought Help AG, a security consultancy founded in Germany but which established offices in the Middle East during 2004.