MANILA, Philippines — A unit of business process outsourcing (BPO) firm eTelecare Global Solutions is acquiring a South African company for roughly 3.7 million British pounds, eTelecare told the stock exchange.

eTelecare said its wholly owned subsidiary eTelecare Global Solutions-Singapore PTE Ltd. entered into a share-purchase agreement with TalkTalk Group Ltd. (TTG) “for the purpose of acquiring the entire issued share capital of The Phone House (Proprietary) Ltd. (TPH), a South African company that provides contact center and support services in Cape Town, South Africa.”

The acquisition price is equivalent to $5.3 million, or P259 million at current exchange rates.

TalkTalk Group, incorporated in England and Wales, is a service provider of mobile and fixed-line telecommunications and broadband services.

eTElecare also entered into and executed an outsourcing agreement with TalkTalk Group and The Phone House as guarantor on the provision by The Phone House of telephone support services to customers of TalkTalk Group.

eTelecare officials were not available to provide more details of the transaction.

Last December, Ayala Corp. and Providence Equity Partners completed the buyout offer for all outstanding shares of eTelecare. The offer expired Dec. 11. It was made by EGS Acquisition Co. LLC, an entity jointly owned by affiliates of Ayala and Providence.

As of the expiration of the offer, 18.89 million eTelecare shares and 10.39 million eTelecare American Depositary shares were tendered, which together represented 98.7 percent of eTelecare outstanding stock. With editing by INQUIRER.net