Amdocs extends LTE play with $211M Bridgewater acquisition

Back office software provider Amdocs (NYSE: DOX) has put down a $211 million bet that acquiring Bridgewater Systems can facilitate a move into the potentially lucrative market to bill LTE-based services across multiple devices.

Interestingly, Amdocs, which is a major cable billing services provider, sees Bridgewater as a passkey into the expanding 4G marketplace where cable--at least publicly--has been a somewhat scarce commodity, with the exception of an investment into WiMAX provider Clearwire (Nasdaq: CLWR).

The acquisition is "a continuation of our strategy to support service providers as they seek to transform their businesses in anticipation of new market opportunities like 4G and machine-to-machine and in response to clear threats, such as the data explosion, Amdocs Group President Brian Shepherd said in a news release.

Bridgewater is described as "a provider of policy, subscriber management and network control solutions for mobile and convergent service providers."

For more:
- see this news release

Special Report: Transitioning from WiMAX to LTE: How one Malaysian operator is making it work

Related articles:
'Defects' delay Clearwire transition to Amdocs billing software
Amdocs moves into policy control with Bridgewater acquisition

Suggested Articles

Comcast last Friday moved Turner Classic Movies to its Sports Entertainment add-on package, a move that angered several subscribers.

With the streaming wars intensifying, the “aggregation wars” are poised for greater activity as well: everyone wants a piece of this pie.

Comcast/NBCUniversal is reportedly shifting around its management team ahead of the company’s high-profile launch of Peacock.