Convergys billing spin-off in doubt

Telecom software vendor Convergys said this week that it is unlikely to follow through in the near term on a previously-announced plan to spin off its billing system business. Though the company also said it is open to offers to buy the unit, that too may be unlikely, as such deals have faced major challenges in a difficult market environment.

The unit in question, the company's Information Management division, saw revenue slide during the fourth quarter, as service providers began to spend less on major OSS projects amid the challenging market. However, software in general and OSS in particular should continue to be a source of growth in telecom, as network operators are forced to manage ever more complex multi-play service environments.

For more:
- Telephony has this story

Related articles
Convergys discussed a possible billing spin-off last September
Convergys moved to acquire Intervoice last July

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