FRANKFURT-LHS Group Inc. announced it signed an agreement under which it will acquire Priority Call Management Inc. for 5.2 million fully diluted shares of LHS, valued at approximately $162 million.
Hartmut Lademacher, chairman and chief executive officer of LHS, said the company has been looking to enter the prepaid market and increase company value, and this acquisition will bring prepaid calling, credit/debit card calling, enhanced messaging and one-number “follow me” services to LHS’ wireless and wireline customers.
