India’s STL (Sterlite Technologies Limited) is divesting its support, monetisation, networking, and analytics solutions business to Skyvera.
The acquisition will be made via Skyvera’s Indian subsidiary, and includes telecommunication software capabilities in BSS, monetisation, and analytics for communications service providers worldwide. Skyvera provides BSS solutions to CSPs, and refactoring and modernising acquired solutions for use with the public cloud.
The acquired STL telecom software products serve over 60 customers across Asia, Europe, India, Africa, and the Middle East, including Vodafone Idea (India), Emirates Integrated (UAE), Mauritius Telecom (Mauritius), and YTL Communications (Malaysia). The deal is expected to close subject to customary conditions.
Ankit Agarwal, Managing Director, STL said: "As we accelerate our focused growth in this decade of network creation, our efforts and capital allocation will be fully aligned towards boosting growth in Optical and Global Services businesses. We will continue to rebalance our portfolio to enhance profitability, increase shareholder value, and drive toward our purpose of transforming billions of lives by connecting the world.”
“The product suite and customer base is a great fit for Skyvera. Its long-term customer relationships and software products will complement our telco software ecosystem,” said Jeff Moyer, CEO, Skyvera.