Ericsson to acquire Telcordia as part of part of bid to expand Ericsson’s position as leading player in operations support systems/business support systems (OSS/BSS) market with key position in service fulfilment, assurance, network optimisation and real-time charging. Telcordia provides core competence and a leading market position within the OSS/BSS field.
Ericsson will acquire 100 per cent of the shares of Telcordia for $1.15 billion in an all cash transaction, on a cash and debt-free to join Ericsson, the world leader in telecommunications technology and service, today announced that it has reached an agreement with Providence Equity Partners, LLC and Warburg Pincus to acquire 100 per cent of the shares of Telcordia.
Closing anticipated to Q4 2011 with full effect Q1 2012. Hans Vestberg, President and CEO, Ericsson, says: “The importance of operations and business support systems will continue to grow as more and more devices are connected, services become mobile and new business models for mobile broadband are introduced.
In this context, Telcordia brings very skilled people and knowledge, a large business in North America and other markets, as well as a good multi vendor product portfolio.” “We have global presence and scale, global services capabilities and superior knowledge about networks and network performance, as well as an already established position in the OSS/BSS space. It is a perfect fit,” he adds.
