Swedish vendor Ericsson has completed its US$1.15bn acquisition of Telcordia, the US-based telecom software and services company, from PE firms Providence Equity Partners and Warburg Pincus.
Ericsson said that the acquisition would consolidate its…
Swedish vendor Ericsson has completed its US$1.15bn acquisition of Telcordia, the US-based telecom software and services company, from PE firms Providence Equity Partners and Warburg Pincus.
Ericsson said that the acquisition would consolidate its position as a leading player in the OSS/BSS market.
The vendor added that the acquisition was “an all cash transaction, on a cash and debt-free basis”.
The head of Ericsson’s business unit Multimedia, Per Borgklint, said: “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.”
