Ericsson to acquire Telcordia for $1.15 billion

The company wants an even bigger part of operator's future investments

Ericsson has reached an agreement to acquire Telcordia Technologies for US$1.15 billion, the company said on Tuesday.

The deal will reinforce and expand Ericsson's position in the operations support systems (OSS) and business support systems (BSS) sector. These systems are used for network optimization and real-time charging, according to Ericsson.

The acquisition is a "perfect fit" when combined with its services organization and services organization, Ericsson said.

Today, operators are looking for new ways to charge for their services, including mobile broadband, and the acquisition of Telcordia will allow Ericsson to help operators with that part of their business as well. Telcordia's systems will help monetize the traffic and products that operators sell, Ericsson said in a statement.

For Ericsson, it also means a bigger presence in the North American market, where it was recently announced that Clearwire is outsourcing the management of its network to Ericsson for seven years to cut costs.

The Swedish telecom equipment maker is acquiring 100 percent of the shares in Telcordia from Providence Equity Partners and Warburg Pincus, and the deal is expected to close in the fourth quarter, taking effect during the first three months of next year. Telcordia is based in Piscataway, New Jersey.

Send news tips and comments to mikael_ricknas@idg.com

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuestelecommunicationEricssonCarriersMergers / acquisitionsTelcordia Technologies

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Mikael Ricknäs

IDG News Service
Show Comments

Father’s Day Gift Guide

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?