30 Aug '16, 12am

10 things I learned from Nera Telecommunication’s FY2016 EGM: In my past articles about Nera Telecommunications… https://t.co/orDSm8YoUh

In my past articles about Nera Telecommunications (SGX: N01) (Nera), its payment solutions business has always been my focus due to the stable recurring revenues it generates. Recently, Nera announced that it’s going to sell its payment solutions business to Ingenico Group S.A. for S$88 million . To be honest, I was caught by surprise by this deal because my past interactions with the CEO and management give me the feeling that Nera would grow the payment business for a few more years before selling. With that in mind, I decided to attend Nera’s EGM this year to find out more about the management rationale for selling Nera’s payment solutions business. So here are… 10 things I learned from Nera’s FY2016 EGM: Based on 1Q 2016 results, payment solutions only accounts for 15.6% of Nera’s total revenue . Ingenico’s offer price of S$88 million represents 35% of Nera’s market ca...

Full article: http://thefinance.sg/2016/08/30/10-things-i-learned-from-...

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