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NEXUS to acquire stakes from KT and LG Uplus
PRIVATESep 14, 2026•about 2 hours ago
Acquiring Company
NEXUS
Acquired Company
ONE store
BostonMadhya PradeshInformation TechnologyMobile
Description
NEXUS will increase its stake in ONE store to 95.88% by acquiring shares from KT and LG Uplus. The transaction is set to close on Sept. 14, following the approval of a third-party share placement. This move aligns with NEXUS's strategy to strengthen collaborations in telecommunications and security. The acquisition reflects NEXUS's commitment to expanding its shareholder base and operational footprint.
Company Information
Company
NEXUS
Location
Boston, Massachusetts, United States
About
NEXUS is a proprietary Expedia-like connectivity software platform and its extensive data repository. Developed with tens of millions of dollars of investment across eight years, NEXUS will rebrand as Resolute NEXUS, purpose-built to simplify and optimize connectivity procurement. The acquisition of NEXUS now positions Resolute CS as a transformative force in the $1.7 trillion global telecom industry, enabling customers to make smarter decisions and have greater control over their connectivity spend.
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70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed
Frequently asked
Who acquired ONE store?
ONE store was acquired by NEXUS, based in Boston. The deal was reported on September 14, 2026. NEXUS is a proprietary Expedia-like connectivity software platform and its extensive data repository. NEXUS is privately held and operates in Information Technology.
When did NEXUS acquire ONE store?
NEXUS's acquisition of ONE store was reported on September 14, 2026. NEXUS will increase its stake in ONE store to 95.88% by acquiring shares from KT and LG Uplus. The transaction is set to close on Sept. 14, following the approval of a third-party share placement. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does ONE store do?
ONE store operates as a mobile application store, primarily in the South Korean market. It offers a platform for Android applications, enhancing users' digital experiences. It is privately held, operating in Mobile, and is based in Madhya Pradesh.
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