Enea AB (publ) has signed an agreement to acquire Openwave Mobility, a company offering the industry’s most scalable NFV platform with solutions to mobile operators. Openwave Mobility has a leading position in traffic management for the fast growing area of mobile video traffic. The total consideration amounts to USD 90 million and will be financed through cash at hand and a senior unsecured bond.
Openwave Mobility’s solutions for mobile traffic management empowers mobile operators to manage and monetize encrypted and unencrypted traffic. The solutions are in part based on technology that Enea acquired through the Qosmos acquisition one year ago, and it is currently deployed by 7 of the top 20 mobile operators worldwide. Openwave Mobility has also an extensive portfolio of cloud-native solutions for subscriber data management. The subscriber relationship is one of the key assets of mobile operators today, and Openwave Mobility’s solution helps tier one operators worldwide to monetize subscriber data.
ABG Sundal Collier acted as financial advisor and sole bookrunner to Enea in connection with the issue of a three-year senior unsecured bond in the amount of SEK 500 million. The bond has a floating rate coupon of 3 month Stibor + 5.25% and a final maturity in March 2021. The bond was successfully placed with over 35 qualified institutional investors throughout the Nordic region. This is the third capital raising we do for Enea in the last twelve months having previously raised SEK 300m in equity through two directed share issues.

Published: 28 Feb, 2018