Core Insights - The acquisition of Optiva by Qvantel has been successfully completed, enhancing Qvantel's position in the digital BSS and telecom solutions market [1][5] - The combined organization now serves over 70 operators in more than 40 countries, supported by a workforce of over 1,000 professionals [2][14] - The early market response has been positive, with four new customer contracts signed in the last three months, indicating strong market momentum [2][3] Company Overview - Qvantel and Optiva together provide a comprehensive monetization and digital operations portfolio, enabling operators to accelerate growth and reduce operational costs through low code/no code configuration and AI-driven automation [3][4] - The Qvantel Flex Suite, which includes Optiva's software, allows for rapid changes in offers, pricing, and processes, significantly reducing time to market and cost of change [4][5] Market Position and Strategy - The telecom industry is evolving slowly, but the combined capabilities of Qvantel and Optiva position them to capitalize on emerging opportunities, particularly in AI and enhanced digital services [5] - The collaboration has already resulted in new customer wins and a strong pipeline, demonstrating demand for their unified strengths and agile approach [5] Financial Details of the Acquisition - Under the acquisition arrangement, Qvantel acquired all issued and outstanding common shares of Optiva for cash consideration of $0.25 per share, and holders of senior secured notes received a combination of shares, notes, and warrants [5][9] - Following the completion of the arrangement, Optiva Inc. was dissolved, and its common shares are expected to be delisted from the Toronto Stock Exchange [9][11]

Core Viewpoint - Optiva Inc. has received the final court approval for its arrangement with Qvantel Oy, with the transaction expected to close by the end of the year [1][2]. Group 1: Arrangement Details - The arrangement involves Qvantel Oy acquiring all issued and outstanding common shares of Optiva at a price of C$0.25 per share [2]. - Holders of the 9.75% senior secured payment-in-kind toggle notes will receive approximately 22.4% of the Purchaser Shares, US$25 million in secured notes, warrants for additional shares, and potential cash payments based on surplus conditions [2]. - The arrangement was overwhelmingly approved by Optiva's shareholders and noteholders during special meetings held on November 27, 2025 [2]. Group 2: Company Overview - Optiva Inc. is a provider of cloud-native, AI-powered revenue management software for the telecommunications industry, established in 1999 and listed on the Toronto Stock Exchange [4]. - The company's solutions aim to help service providers capitalize on digital, 5G, IoT, and emerging market opportunities [4].

Core Insights - Optiva Inc. reported its third quarter financial results for the period ending September 30, 2025, highlighting a strategic transaction with Qvantel aimed at enhancing its market position in the telecom industry [1][6]. Financial Performance - Revenue for Q3 2025 was $10.1 million, a decrease from $12.0 million in Q3 2024 [5][7]. - Total Contract Value (TCV) bookings for Q3 were $13.4 million, with a trailing twelve-month TCV of $68.8 million [5][6]. - Gross margin for Q3 2025 was 55%, down from 58% in the same period of 2024, primarily due to lower revenue from high-margin services [11]. - Adjusted EBITDA loss for Q3 was $3.9 million, compared to a loss of $0.6 million in Q3 2024 [5][11]. - Net loss for Q3 was $5.7 million, compared to a net loss of $3.4 million in Q3 2024 [5][11]. - Cash balance at the end of Q3 was $8.1 million, down from $12.8 million in the previous year [5][11]. Strategic Developments - The strategic transaction with Qvantel is expected to close by the end of 2025, creating a combined entity with a competitive portfolio of AI-enabled BSS products [3][6]. - Optiva has secured a contract with a fast-growing MVNO in the APAC region for a full-stack BSS transformation, delivered as a managed SaaS solution [6]. - Móvil Éxito, Colombia's first MVNO launched by a retailer, renewed its BSS platform support agreement with Optiva for an additional three years [6]. - A Tier 1 telecom provider in the UK expanded its partnership with Optiva to implement innovative B2B services using Optiva's Application Server [6]. Industry Recognition - Optiva was named a finalist for the 2025 Glotel Awards in the category of MVNO Solution of the Year, reflecting its impact on the MVNO/E market [6].

Core Insights - Optiva Inc. reported its third quarter financial results for the period ending September 30, 2025, highlighting a strategic transaction with Qvantel aimed at enhancing its position in the BSS market [1][5]. Financial Performance - Revenue for Q3 2025 was $10.1 million, a decrease from $12.0 million in Q3 2024 [6][9]. - Total Contract Value (TCV) bookings for Q3 were $13.4 million, with a trailing twelve-month TCV of $68.8 million [4][5]. - The gross margin for Q3 2025 was 55%, down from 58% in the same period of 2024, primarily due to lower revenue from high-margin services [9]. - Adjusted EBITDA loss for Q3 was $3.9 million, compared to a loss of $0.6 million in Q3 2024 [6][9]. - The net loss for Q3 2025 was $5.7 million, compared to a net loss of $3.4 million in Q3 2024 [6][10]. Strategic Developments - The strategic transaction with Qvantel is expected to close by the end of 2025, creating a combined entity with a competitive portfolio of AI-enabled BSS products [3][5]. - Optiva has secured a contract with a fast-growing MVNO in the APAC region for a full-stack BSS transformation, delivered as a fully managed SaaS solution [5]. - Móvil Éxito, Colombia's first MVNO launched by a retailer, renewed its BSS platform support agreement with Optiva for an additional three years [5]. - A Tier 1 telecom provider in the UK expanded its partnership with Optiva to implement innovative B2B services using Optiva's Application Server [5]. Market Recognition - Optiva was named a finalist for the 2025 Glotel Awards in the category of MVNO Solution of the Year, reflecting its impact in the MVNO/E market [5].

Core Viewpoint - Optiva Inc. is moving forward with a proposed plan of arrangement involving Qvantel Oy, which requires approval from shareholders and noteholders at upcoming meetings [1][2][3] Meeting Details - Special meetings for shareholders and noteholders are scheduled for November 27, 2025, at 10:00 a.m. and 10:30 a.m. Toronto time, respectively [1][2] - Meeting materials have been mailed to shareholders and noteholders of record as of October 27, 2025 [2] Arrangement Resolutions - The Arrangement Resolution requires at least two-thirds (66 ⅔%) approval from shareholders and noteholders, along with a simple majority from minority shareholders [3][6] - Voting results will be announced following the meetings [3] Shareholder and Noteholder Consideration - Shareholders will receive C$0.25 per common share as consideration [7] - Noteholders will receive a combination of voting shares, secured notes totaling US$25 million, warrants, and potential cash payments based on specific conditions [7] Legal Proceedings - An interim order from the Ontario Superior Court of Justice was granted on October 22, 2025, allowing the meetings to proceed [5] - Completion of the arrangement is contingent upon various approvals, including a final order from the court [6] Company Overview - Optiva Inc. specializes in cloud-native, AI-powered revenue management software for the telecommunications industry, established in 1999 and listed on the Toronto Stock Exchange [13]

Core Insights - Digitel has renewed its multi-year partnership with Optiva, enhancing its capabilities to innovate and grow in the competitive Venezuelan mobile market [1][2][3] - The renewal allows Digitel to utilize Optiva's full-stack BSS platform, which includes charging, billing, and provisioning, to accelerate product launches and improve customer experiences [1][2] - Digitel currently serves over 7.2 million subscribers and is the first operator to offer 5G technology in Venezuela, leveraging its existing LTE infrastructure for enhanced services [2][4] Company Overview - Digitel is a mobile telephony operator in Venezuela, providing both prepaid and postpaid connectivity solutions tailored for individuals and businesses [4] - The company has a robust 4G LTE network and is expanding its 5G technology in select cities, offering services like VoLTE for high-definition voice calls [4] - Digitel's service portfolio includes international roaming, enterprise solutions, IoT connectivity, and personalized customer support, focusing on quality and efficiency [4] Optiva Overview - Optiva Inc. is a provider of cloud-native, AI-powered revenue management software for the telecommunications sector, helping service providers capitalize on digital and 5G opportunities [5] - Established in 1999 and listed on the Toronto Stock Exchange, Optiva delivers its solutions globally on both private and public cloud platforms [5]

Core Insights - The collaboration among Optiva Inc., PlektonLabs, and Qeema focuses on a TM Forum Open Innovation Catalyst project named INFINITY, aimed at unlocking revenue through dynamic pricing and APIs in the telecommunications sector [2][3][6]. Group 1: Project Overview - The INFINITY project introduces a dynamic pricing solution that allows telecom companies to adapt pricing in real-time based on customer needs and network utilization, thereby creating new revenue streams [3][4]. - The project will be showcased at the DTW25 Ignite event in Copenhagen from June 17-19, 2025 [2][8]. Group 2: Benefits of Dynamic Pricing - Dynamic pricing enables telecom operators to adjust prices based on real-time demand, optimizing network capacity and enhancing customer experience [7]. - The approach allows for monetization of API ecosystems and tailored packages for B2B2C, generating new revenue streams [7][6]. - By leveraging AI and real-time network telemetry, the INFINITY project simplifies API discovery and supports dynamic quote management, facilitating easy monetization and real-time ordering [7][5]. Group 3: Industry Context - The need for dynamic pricing is emphasized as critical in the rapidly evolving telecom landscape, moving operators beyond traditional static pricing models [4]. - The project aims to transform telecom networks from cost centers into agile profit engines by capitalizing on advanced features like network slicing [4][6].

Core Insights - Optiva Inc. reported its first quarter financial results for the period ending March 31, 2025, highlighting a focus on cloud-native billing and revenue management solutions for the telecom industry [2][11]. Business Highlights - Optiva was selected by three existing customers for upgrades and renewals, including a next-generation BSS platform and an Intelligent Network platform upgrade [3][12]. - The company integrated advanced generative AI technology into its BSS and charging solutions, enhancing operational efficiency and customer experience [4][12]. - Optiva's partnership with BT Group was strengthened to implement innovative communication services, leveraging Optiva's latest Application Server [9]. Financial Performance - Revenue for Q1 2025 was $11.6 million, a slight decrease from $11.7 million in Q1 2024 [10][13]. - The company reported a net loss of $2.3 million, an improvement from a net loss of $6.0 million in the same period last year [10][14]. - Adjusted EBITDA for the quarter was $0.5 million, compared to a loss of $2.3 million in Q1 2024 [10][14]. - Gross margin increased to 64% from 58% year-over-year, attributed to higher support and subscription revenue [13]. Cash Position - As of March 31, 2025, Optiva had a cash balance of $8.0 million, down from $12.0 million at the end of Q1 2024 [10][14]. - The company is actively engaged with strategic third parties regarding its $108 million Secured Notes maturing on July 20, 2025, with over 75% of noteholders committed to support [5][6].