Japan's NEC to acquire CSG Systems for $2.89 billion (updated)

NEC

29/10/2025 07:35

Adds details from statement; paragraphs 3,4

TOKYO, Oct 29 (Reuters) - Japanese technology group NEC 6701.T will pay about $2.89 billion to acquire U.S.-based telecoms and broadband software company CSG Systems CSGS.O, it said on Wednesday.

The acquisition, expected to close in 2026, will be financed through a combination of cash on hand and external debt, NEC said.

It added that the new acquisition would complement the business of an existing U.S. software subsidiary, Netcracker, allowing them to promote mutual sales.

In January
Reuters
 reported that NEC was weighing an offer for CSG.

 (Reporting by Anton Bridge; Editing by Clarence Fernandez)

 ((Anton.Bridge@thomsonreuters.com;))