Billing and customer retention management provider Amdocs Ltd. said it has reached an agreement to acquire privately held mediation software provider XACCT Technologies for approximately $29.5 million. Amdocs expects the acquisition, which includes $13.5 million in cash and the rest in Amdocs ordinary shares, to account for a one-time acquisition related charge in its second quarter ending March 31.
Wireless local area network integrator Boingo Wireless Inc. reported a deal with Motive to jointly offer service-provisioning solutions designed to ease the installation of bundled Wi-Fi and DSL or cable model broadband services. Boingo noted the agreement fits into its Platform Services Wi-Fi service offering. Boingo also announced an agreement with Arescom Inc. to integrate Wi-Fi access in guest-rooms and public spaces at nearly 200 hotels in the Arescom Hospitality Network into Boingo’s Roaming System. Boingo added its current roaming partners included EarthLink, Fiberlink, Infonet Services Corp., MCI and T-Mobile USA Inc. for client software.
Nextel Partners Inc. reported that its Nextel Partners Operating Corp. subsidiary refinanced its $475 million senior secured credit facility in an attempt to reduce interest rates and extend maturity dates. The new facility, which consists of a $100 million revolving credit facility maturing in November 2009 and a $375 million term loan maturing in November 2010, will be guaranteed by Nextel Partners and its subsidiaries and will be secured by a pledge of all of the assets of Nextel Partners’ subsidiaries. Nextel Partners noted that borrowing under the new credit facility will be used to repay borrowings under its previous $475 million senior secured credit facility and for general corporate purposes. The company added the new term loan also extends the weighted average maturity of the refinanced term loans by approximately two-and-a-half years and the new revolving credit facility extends the maturity of the refinanced revolving credit facility by nearly three years.
