Vodafone buys 2 billing companies
Billing for big customers
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Vodafone has bought two mobile billing companies - Quickcomm and TnT Expense Management.
Both offer billing management services for big companies running large fleets of mobile devices.
Quickcomm, headquartered in Sydney, Australia, will continue to support and develop its own products at the same time as becoming part of Vodafone's Telecoms Management division.
TnT, with an HQ in Sandy Hook, Connecticut, offers managed telcoms expense services and automated bill processing. It will become part of Voda's Global Enterprise department.
Financial terms were not revealed, but Vodafone did say Quickcomm had assets of $6.9m and TnT had $2.8m, giving an idea of the prices presumably paid.
Full statement is here. ®
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