Neustar Buying TNS Caller Authentication Assets
Neustar agreed to buy caller authentication assets from Transaction Network Services for about $220 million in cash. After tax benefits are factored in, the purchase will be worth about $173 million, said Neustar and TNS, a Siris Capital Group affiliate,…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
in a joint release Wednesday. "This acquisition will allow Neustar to compete in the broad market for call authentication in mobile, broadband and wireless services with offerings that include subscriber data storage, database management, caller identification and verification services," the release said. "The Company estimates that the acquired assets will generate approximately $60 million in revenue in 2016." The companies expect the deal to close in 4Q after receiving federal Hart-Scott-Rodino antitrust clearance.