Reported 1 day ago
Japanese tech giant NEC Corp is reportedly in talks with advisers about a potential offer for CSG Systems, a company specializing in customer care and billing solutions for telecommunications providers. The discussions, led with the assistance of Morgan Stanley, are still in preliminary stages, and there's no guarantee a formal bid will be made. CSG, which has a market value of approximately $1.7 billion, saw its shares rise significantly after the news broke. The company is facing challenges in retaining market share as telecom clients prioritize cost-cutting amid 5G infrastructure investments.
Source: YAHOO