Ericsson to acquire Canada-based Telcocell, subsidiaries

Telecom-equipment maker Ericsson will acquire Canada-based consulting and systems integration firm Telcocell and its subsidiaries.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Masteryourmoney Earnings
moneycontrol.com

Home » News » World News

Jul 24, 2013, 11.50 PM | Source: PTI

Ericsson to acquire Canada-based Telcocell, subsidiaries

Telecom-equipment maker Ericsson will acquire Canada-based consulting and systems integration firm Telcocell and its subsidiaries.

Like this story, share it with millions of investors on M3

Ericsson to acquire Canada-based Telcocell, subsidiaries

Telecom-equipment maker Ericsson will acquire Canada-based consulting and systems integration firm Telcocell and its subsidiaries.

Post Your Comments

Share Cancel

Rituparna Bhuyan (more)

Reporter, CNBC-TV18 |

Telecom-equipment maker Ericsson will acquire Canada-based consulting and  systems integration firm Telcocell and its subsidiaries.

The Sweden-headquartered firm said that the acquisition, which is expected to close by the end of the third quarter  of 2013, will see about 200 service-employees and consultants  joining Ericsson.

Also Read: Saudi Mobily in $650m financing deal with Ericsson, NSN

"Ericsson today announced that it has entered into an agreement to acquire the entire business of Telcocell as well  as its subsidiaries. Approximately, 200 services employees and consultants primarily based in Canada and the United States are expected to join Ericsson," it said in a release.

Ericsson did not reveal the amount involved in the acquisition deal.

The acquisition is expected to close by the end of the third quarter of 2013, subject to customary closing conditions, it added. Ericsson will benefit from Telcocell's consulting and systems integration experience in converged charging, custom development, quality assurance and production support for BSS.

The acquisition complements its existing comprehensive BSS product portfolio and expertise in these fields and  will further strengthen the firm's customer relations and BSS transformation capabilities, primarily in North America.

"Acquiring capabilities from Telcocell will further strengthen our ability to offer full ICT transformation capabilities to our customers, and Ericsson's competitiveness at the intersection where IT meets telecom," Ericsson, head-consulting and systems integration, Paolo Colella said.

Telcocell CEO, founder and managing partner Mickey Weizmann said, "While Telcocell's multi-vendor BSS consulting and  systems integration expertise will broaden Ericsson's services capabilities, the company will benefit from joining a  firm with global scale and presence."

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Ericsson to acquire Canada-based Telcocell, subsidiaries

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login