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Telecom Review

May 2013 Issue

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Ericsson Completes $1.15 Billion Telcordia Buy


Ericsson, the world's biggest mobile network equipment maker, has completed its $1.15 billion purchase of US software developer Telcordia.

"Telcordia is now part of the Ericsson Group and its approximately 2,600 skilled employees have joined Ericsson," said Ericsson in a statement.

The US communications software developer generated revenues of $739 million in the fiscal year ending January 2011.


 
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