Billing solutions company
(NYSE:DOX) will shortly be announcing mega-deals with Canada's leading telecoms company
The five-year Bell Canada contract is expected to be worth $2.5 billion to $3 billion.
Globes also reported that Amdocs is in advanced negotiations to provide $1 billion to $1.5 worth of billing solutions to British Telecom, which is upgrading its billing system. This agreement is also for a five-year period.
Amdocs's market cap on Wall Street is $15.2 billion. Its sales in 2000 came to $1.2 billion. Its customers include leading telephony companies, such as
(NYSE, LSE:VOD). Amdocs' deals are in the range of $13 million to $15 million.
Amdocs is one of Israel's three biggest hi-tech companies, the others being
(Nasdaq:CMVT). Amdocs' majority shareholder is the American investment company Welsh, Carson, Anderson & Stowe.
has 30%, as well as a 20% stake in Bell Canada. The Morris Kahn group has a 10% interest in Amdocs.
Bell Canada provides telephony services to 8 million customers, and has 44,000 workers. Its wireless division has 1.8 million subscribers.