Amdocs buys TTS Wireless to enhance 5G Network Planning Services

Amdocs buys TTS Wireless for $50 Million

Amdocs announced that it has acquired the TTS Wireless for $50 million in cash.

TTS Wireless is a privately-owned company of mobile network engineering services, specialization in planning, network optimization, and software-enabled solutions.

Amdocs will able to help service providers to efficiently optimize their open cloud networks, notes the announcement.

Executive Opinion

President and Chief Executive Officer of Amdocs Management Limited, Shuky Sheffer, said, "This acquisition helps execute on Amdocs’ strategy of providing our customers around the world with an end-to-end 5G solution, so they can efficiently accelerate their plans to launch 5G networks, rapidly deploy the innovative new services this new technology enables, and benefit from new monetization models. At the same time, service providers also need to reduce cost through automated operations and smart network planning and optimization. The addition of TTS Wireless’ extensive network engineering services to the Amdocs Open 5G portfolio provides a compelling offering and highlights our commitment to be the leading independent provider of network services for 5G and the new generation of open cloud networks. This move will also enable operators around the world to benefit from the early 5G adoption experiences TTS Wireless has gained at leading carriers."

TTS Wireless founder, and Chief Executive Officer, Lin Weng,  said, "For over twenty years TTS Wireless has been successfully working with leading American operators. Together, TTS Wireless and Amdocs are well-positioned to help operators accelerate their 5G journey with our expertise and experience in customer-focused design, delivery, and optimization of mobile networks. With our highly-skilled network engineering and software development team joining forces with Amdocs, together we will strengthen the scope and scale of our offerings as we continue to deliver differentiated network services to Amdocs’ global base of service provider customers."

Boost to 5G services

Amdocs revealed that the acquisition would enable the combination of TTS Wireless field-proven 5G network planning services to the Amdocs Open 5G portfolio.

This expanded offering will help operators to accelerate and simplify the deployment of 5G networks with comprehensive network rollout solutions, the announcement says.

P.C: Unsplash, Pablo

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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