By Milea coming
New York (Reuters) – NEC Corp. Japanese Technology Group has been talking to its advisers about the possibility of bidding for CSG systems, which provides customers' care solutions and bills for cable and telephone companies People who are familiar with the matter.
NEC from Tokyo has been working with Investment Bankers at Morgan Stanley on a possible CSG offer, which has examined sales over the past year, the sources said, asking for anonymity as the negotiations are confidential.
Discussions between the companies are early, the sources said, warning that a deal is not guaranteed and NEC may decide not to submit a formal CSG application, which has a market value of $ 1.6 billion. Different Suitor for CSG could also emerge, the sources were added.
NEC and CCG refused to comment. Morgan Stanley did not respond immediately to requests for comments.
Englewood, CSG from Colorado provides software and business services to telecommunications providers globally, helping them manage functions such as revenue management, customer experience and payments. Its customers include Comcast, Charter Communications, Dish TV, and MTN Group, according to its website.
Earlier in January, CSG said his current chairman Ron Cooper would step down from his role at the end of his term in May and will be succeeded by another Board member Marwan Fawaz, Technology Industry Executive Former Suns.
CSG has been struggling to click on its market share, as large telecommunications customers have been trying to cut costs as they seek to prioritize high investments on infrastructure required for 5G use.
In its latest quarterly earnings report, CSG posted a 3% growth in revenue to $ 295.1 million, boiled primarily by strong performance of its customer experience and payment units. The company also extended its contract with Comcast, its largest customer and accounts for one -fifth of its revenue. CCG is expected to report its fourth quarter results on February 5.
Founded in 1899, NEC is a provider of network information and communications, cloud computing, artificial intelligence, internet of things, and telecommunications tools and software. NEC, which has a market value of 3.67 trillion yen ($ 23.62 billion), was the world's largest semi -conductor manufacturer but has since pivoted to focus on areas such as IT services.
($ 1 = 155.3600 yen)
(Reported by Milana Vinn in New York; edited by Chizu Nomiyama)