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вЂњBy joining our strengths and technologies, we are creating unique capabilities to help operators keep pace with a quickly changing industry and ever-increasing consumer expectations,вЂќ said Germain Lamonde, EXFOвЂ™s founder and executive chairman. The move combines EXFOвЂ™s expertise in fiber testing and monitoring with AstelliaвЂ™s focus on analytics-based intelligence on network and service performance as well as marketing and customer care. The first phase of a public offer for outstanding Astellia shares put EXFO at 88.4% ownership, and the second phase drove that to more than 95%.

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Now EXFO plans a вЂњmandatory squeeze-outвЂќ of the remaining shares and to de-list Astellia from the Euronext Paris Exchange.Д®XFO set the acquisition of Astellia in motion last fall with a purchase of more than 33% of the companyвЂ™s stock for about $10.2 million, then upped its equity through a series of deals with several large shareholders to acquire their equity in the company and getting support from the board of directors. The entirety of Astellia's equity is valued at approximately в‚¬25.9 million on a fully diluted basis.EXFO has achieved its takeover of French performance monitoring and analytics company Astellia for about $31.6 million.Д®XFO said today that it has acquired 97.44% of AstelliaвЂ™s share capital and at least 95.07% of voting rights, after a second phase of a public offer. Given that minority shareholders do not represent more than 5% of the share capital or the voting rights of Astellia, EXFO says intends to implement a mandatory squeeze-out of the remaining shares and de-list Astellia from the Euronext Paris Exchange. Our customers are transforming their networks to keep up with insatiable consumer demand for more bandwidth and better, faster mobile service.'

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'With our combined scale, global market coverage, technologies, strong professional services and deep mobile expertise, EXFO and Astellia are well positioned for the next cycle of investments by mobile network operators. By joining our strengths and technologies, we are creating unique capabilities to help operators keep pace with a quickly changing industry and ever-increasing consumer expectations,' said Germain Lamonde, EXFO's founder and Executive Chairman. 'This is great news for Astellia's and EXFO's respective customers.

The company's solutions and services help mobile network operators improve service quality, maximize operational efficiency, reduce subscriber churn and develop revenues in core network, RAN, LTE and SDN/NFV deployments. With headquarters in Rennes, France, Astellia reported sales of в‚¬38.6 million in 2017, and has over 400 employees and more than 120 customers worldwide. 1), the world's largest gathering for the mobile industry.

The announcement was made at the Mobile World Congress 2018 in Barcelona (Feb. (NASDAQ: EXFO), a specialist in network test, monitoring and analytics platforms, announced the company has acquired 97.44% of the share capital and at least 95.07% of the voting rights of Astellia (EURONEXT: ALAST), a global provider of performance analysis of mobile networks and subscriber experience, following the closing of the second phase of a public tender offer.