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Ericsson Now Has Over 95 Per Cent Of LHS Shares
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Back in 2007, Ericsson announced a cash offer to acquire LHS.
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Saturday, July 04, 2009:
Ericsson has recently, through a wholly owned subsidiary, purchased shares in LHS AG that together with currently held shares represents more than 95 per cent of the outstanding shares in LHS.
LHS is an independent software vendor (ISV) of billing and customer care systems in the telecom industry. The company's solutions are used by the global network and virtual operators, to generate and manage consistent revenue streams.
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LHS’ headquarters are located in Frankfurt, Germany, with main offices in Brazil, France, Malaysia and the UAE.
Today, Ericsson informed LHS that it requests a squeeze-out resolution to be passed at LHS' next shareholders' meeting. The date for the next shareholders' meeting has not yet been set.
Back in 2007, Ericsson announced a cash offer to acquire LHS, aimed at strengthening its offering in revenue management with a fully integrated convergent charging and billing solution.
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