$1 bn acquisition of Intelenet by Teleperformance gets CCI approval

New Delhi: The Competition Commission has approved the billion dollar acquisition of BPO firm Intelenet by French outsourcing firm Teleperformance from private equity major Blackstone.

Teleperformance had announced the acquisition of Intelenet from Blackstone in June for $1 billion.

Euronext-listed Teleperformance, which reported consolidated revenue of about $4.7 billion, has 2.23 lakh employees across 350 contact centres in 76 countries. Mergers and acquisitions beyond a certain threshold require the approval of the CCI.