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Ericsson Completes Telcordia Acquisition

Ericsson completed its previously announced acquisition of Telcordia for US$1.5 billion in cash. Telcordia is now part of the Ericsson Group and its approximately 2,600 skilled employees have joined Ericsson.

Telcordia was previously owned by Providence Equity Partners and Warburg Pincus.

“The addition of Telcordia’s skilled people and knowledge, a good multi vendor product portfolio and an important customer base in North America, complement Ericsson’s already established position in the OSS/BSS space,” stated Per Borgklint, Head of Ericsson’s business unit Multimedia.
http://www.ericsson.com
http://www.telcordia.com

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