Tuesday, 19 February 2019

Ericsson announces $1.15 billion Telcordia buy

By Mary Lennighan, Total Telecom
Tuesday 14 June 11

Swedish vendor aims to bulk up it position in OSS/BSS space; 2,600 staff to transfer, including CEO Greenquist.

In a move it hopes will boost its position in the OSS and BSS space, Ericsson on Tuesday announced the acquisition of 100% of U.S.-based Telcordia for US$1.15 billion in cash. The deal, which is expected to close in the fourth quarter of this year, subject to regulatory approvals, will see around 2,600 Telcordia staff move to Ericsson. Speaking on a conference call…

In a move it hopes will boost its position in the OSS and BSS space, Ericsson on Tuesday announced the acquisition of 100% of U.S.-based Telcordia for US$1.15 billion in cash. The deal, which is expected to close in the fourth quarter of this year, subject to regulatory approvals, will see around 2,600 Telcordia staff move to Ericsson. Speaking on a conference call…

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