NEC to Buy US Telecom Services Provider CSG for $2.9 Billion (1)

Japan’s NEC Corp. is buying CSG Systems International Inc., a US supplier of customer care and billing services for telecom companies, for around $2.9 billion in a move to shore up operations abroad.

CSG stockholders will receive $80.70 per share in cash, the Tokyo-based industrial electronics group said Wednesday. That represents a roughly 17% premium to CSG’s last closing price of $68.75. The deal would make the US company a wholly-owned subsidiary of NEC, whose businesses span personal computers, undersea cables and missile radar technology. The deal is expected to close in 2026, it said.

The move is the ...