Tofane Global, the owner of iBASIS has closed its acquisition of NOS International Carrier Services (NOS ICS), a subsidiary of NOS, a leading communications and entertainment group in Portugal.
The company will be consolidated under iBASIS, boosting its size, reach, and innovation. iBASIS also confirmed it will be the long-term preferred partner for all NOS international wholesale and retail voice, SMS, IPX services, and mobile data.
The deal strengthens iBASIS’ footprint in Portuguese-speaking markets including Portugal, Brazil, Angola, Cape Verde, Guinea-Bissau, Mozambique, East Timor, Macau, Sao Tome, and Principe. iBASIS will service NOS’ 130 SMS and 80 voice customers, adding over 2 billion minutes annually to its international voice traffic. The transaction also reflects iBASIS’ strong development on mobile services, which now represent a third of its total activity.
Alexandre Pebereau, iBASIS CEO and Founder TOFANE
First, our carve-out model is gaining traction, with our position in both global traffic and revenues continuing to rise and exceeding all expectations. Second, we can witness the performance and value-add our customers are achieving through the 18-month consolidation course of our acquisition journey – which in turn, further accelerates interest in our business model.
Manuel Ramalho Eanes, NOS Executive Board Member
While we achieve more efficient and economical voice and mobile international operations, NOS is able to focus and grow its core business.
