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AsiaInfo-Linkage Goes Private

Ray Le Maistre
1/16/2014
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Ambitious BSS vendor AsiaInfo-Linkage has completed its deal to become a private company and will delist its shares from Nasdaq.

The Chinese company has been involved in a protracted deal, which was finally completed on January 15, to be acquired by a consortium of private equity firms led by CITIC Capital Partners. The final price paid was US$887 million, according to a filing by AsiaInfo Inc. (Nasdaq: ASIA) with the Securities and Exchange Commission (SEC) .

Now the Service Provider Information Technology (SPIT) specialist, which has built up a position as the leading supplier of billing, customer relationship management, rating, policy control, and analytics systems and tools to China's three main operators, can focus on its international expansion plans. It recently announced its first significant win in Europe, where it is providing a fresh competitive challenge to the likes of Amdocs Ltd. (NYSE: DOX), Comverse Inc. (Nasdaq: CNSI), CSG Systems International Inc. (Nasdaq: CSGS), and Redknee Inc. (Toronto/London AIM: RKN). (See AsiaInfo Scores Tier 1 Win in Europe and AsiaInfo Takes On BSS Giants in Europe.)

For the first nine months of 2013, AsiaInfo-Linkage reported revenues of $426.4 million, up 11.6% year-on-year, while its gross margin was 37.6%, down slightly from the same period a year earlier. The company reported an operating loss of $273.5 million, though this was due to a one-time asset impairment charge of $286.8 million.

For the fourth quarter of 2013, AsiaInfo-Linkage had forecast revenues in the range of $173-$181 million.

— Ray Le Maistre, Editor-in-Chief, Light Reading

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Ray@LR
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Ray@LR,
User Rank: Blogger
1/16/2014 | 8:40:42 AM
Already a major SPIT player
Just based on its business in China, AsiaInfo is already one of the biggest telcom software players on the market -- if it has any degree of success in Europe (and elsewhere outside China), then it has the potential to join the $1 billion-a-year revenues group.

It'll be interestingt to see if its stategy shifts under private ownership.
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