On October 29th 2025, NEC announced the acquisition of CSG for approximately US$2.89 billion, including debt. CSG is a global provider of monetization, customer experience, and payment solutions, primarily serving telecom and other cross-industry verticals, and has approximately 6,000 employees.

In this analysis, we look at the implications of this deal on the wider BSS and Digital Enablement market, including not only new stablemate Netcracker but also Amdocs, among others.