Ericsson agreed to acquire Abentel, a subsidiary of Abengoa that specializes in end-to-end fiber installation and management. The deal includes the transfer of Abentel’s assets, projects and employees to Ericsson. Financial terms were not disclosed.
Abentel has approximately 500 employees who provide fiber network roll-out and maintenance services.
Richard Hoepner, Head of Network Roll-Out and Customer Support, Ericsson, says: “Fiber is a key component for the next generation all-optical IP network. By acquiring Abentel’s capabilities and coupling them with Ericsson’s world-class service offering, Ericsson can deliver unmatched scalability for its customers’ fiber projects. This agreement is a winning combination as it brings together the global leader in telecommunications services with one of the leading fiber-related service provider in Spain.”
