Mahindra Comviva acquires controlling stake in ATS

New Delhi, Jan 23 (IANS) Mobility solutions firm Mahindra Comviva on Saturday announced the acquisition of a controlling stake in Latin America-based Advanced Technology Solutions (ATS) for an undisclosed sum.

“We are excited about joining hands with ATS to deliver an enhanced portfolio of innovative mobility solutions in Latin America,” Mahindra Comviva chief executive Manoranjan Mohapatra said in a statement.

The acquisition brings the likes of AT&T, Claro, Entel, Nextel, Oi, Telefonica, TIM, Vivo and others as customers into Mahindra Comviva’s portfolio, the statement said.

“Mahindra Comviva will strengthen its in-region presence to deliver complete end to end solutions including development, implementation and post sales support capabilities in the Latin American market,” the statement said.

Founded in 1991, ATS develops technological solutions for telecom players for intelligent management of communication networks.

Leading telecom operators in Argentina, Brazil, Mexico, Colombia, Peru, Ecuador and five Central American countries deploy ATS solutions.

Mahindra Comviva partners telecom operators in El Salvador, Guatemala, Honduras, Bolivia, Colombia, Paraguay, Guyana, Curacao and Peru offering mobile money, prepaid recharge, analytics, messaging and mobile data solutions.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here