Qvantel Oy, a global leader in digital BSS and monetization and telecom solutions, announced the successful completion of its acquisition of Optiva Inc, pursuant to a previously announced statutory plan of arrangement under the Canada Business Corporations Act.
The combined company now serves more than 70 operators in over 40 countries and is supported by a global workforce of more than 1,000 professionals across 30 locations. Early market response has been positive, with four new customer contracts signed in the last three months, including a multi-country group deployment across APAC, the Americas, and Europe powered by Qvantel Flex and the Optiva Charging Engine.
Together, Qvantel and Optiva provide one of the industry’s most comprehensive monetization and digital operations portfolios, backed by deep domain expertise. The expanded offering enables operators and MVNOs to accelerate growth, launch digital services faster, increase agility and reduce operational costs through low code/no code configuration and AI-driven automation.
Customers ranging from Tier 1 operators to fast-growing MVNOs will benefit from the broader product suite and enhanced delivery capabilities. The Qvantel Flex Suite, including Optiva’s software, provides no/low code, AI-first, cloud-native architecture giving commercial and product teams greater control over offers, pricing and processes, allowing changes to be made in hours instead of weeks and significantly reducing both time to market and cost of change.
“Telecom has been slow to evolve, but the opportunity ahead is enormous,” said Tero Kivisaari, President, Qvantel. “Today’s customers expect more, AI is opening new possibilities, and enhanced digital services are where the next wave of value will come from. The combination of Qvantel and Optiva creates a future-ready end to end monetization foundation to support that growth. Together, we can help operators close that gap faster and turn that promise into results.”
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“There is tremendous excitement across Optiva and among our customers as we join Qvantel and move forward as a single, unified company,” said Robert Stabile, CEO, Optiva. “Our collaboration has already resulted in new customer wins and a strong pipeline, clear evidence of demand for our unified strengths and agile approach. With a broader portfolio and shared customer-centric mindset, we’re converting that demand into tangible profitability and growth for operators.”
In connection with the plan of arrangement (the “Arrangement”), among other things: (A) the Purchaser acquired all of the issued and outstanding common shares of Optiva (the “Common Shares”) for cash consideration of $0.25 per Common Share (the “Shareholder Consideration”); and (B) all outstanding 9.75% senior secured payment-in-kind toggle notes, in the aggregate principal amount of US$108.6 million (the “PIK Notes”), were cancelled and in consideration therefor the holders thereof (the “Noteholders”) received: (i) an aggregate of 11,100,236 voting shares of the Purchaser (the “Purchaser Shares”) representing approximately 22.4% of the Purchaser Shares, calculated on a non-diluted basis, (ii) senior secured notes issued by the Purchaser in the aggregate principal amount of US$25 million, and (iii) warrants to purchase up to 2,973,280 additional Purchaser Shares (the “Purchaser Warrants”), (collectively, the “Noteholder Consideration”). The Arrangement became effective earlier today.
SOURCE: GlobeNewswire