Search Results for: Ericsson

Ericsson Closes $1.15B Deal to Buy Telcordia

Ericsson (NASDAQ: ERIC) announced Thursday it has closed its $1.15 billion cash acquisition of Telcordia. Ericsson expects the deal to increase its earnings per share in the year after closing. Telcordia and its employees are now part of the Ericsson Group. Ericcson’s business unit Multimedia will manage Telcordia, although Ericsson said Telcordia’s …

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Ericsson to Buy Telcordia for $1.15B Cash

Ericsson has reached an agreement to acquire mobile, broadband and enterprise communications firm Telcordia for $1.15 billion cash from its private equity owners Providence Equity Partners, LLC and Warburg Pincus. Approximately 2, 600 of Telcordia’s employees will join Ericsson. Telcordia generated $739 million in revenues in the fiscal year ended Jan. 31, 2011, and Ericsson expects …

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Ericsson Sells Federal Practice to Tailwind Capital; Doug Smith to Remain as CEO

Ericsson (NASDAQ: ERIC) has sold control of its federal practice, Ericsson Federal to Tailwind Capital. Ericsson Federal will now be known as Oceus Networks.  Terms of the deal were not disclosed. According to Ericsson, “under the terms of the new structure, Oceus Networks will have the exclusive right to offer …

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Ericsson to Provide Technology for Iridium Satellite Network; Doug Smith Comments

Iridium Communications Inc. has announced it has contracted with Ericsson Federal Inc. (EFI) to implement a new Ericsson Mobile Softswitch Solution (MSS) to provide Iridium’s next-generation switching technology. The work will include custom design, development, integration and maintenance for the Iridium satellite communications system. Iridium has moved all commercial traffic …

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Ericsson Federal’s Doug Smith on Naming David Brager CTO

Ericsson Federal has hired David Brager to the position of chief technology officer.  In this role, Brager will develop and lead EFI’s technology strategy to ensure its product development, technical innovations and strategic partnerships are meeting federal customer requirements. According to Ericsson, Brager will focus on current and emerging technologies …

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Ericsson Brings 4G to Sweden, Norway

Ericsson is set to debut TeliaSonera in Norway and Sweden. In 2010, Ericsson expects TeliaSonera to offer its customers 4G coverage in at least 25 municipalities in Sweden alongside the four largest municipalities in Norway, including Oslo. Ericsson has also been selected as the supplier of the common core network …

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Featured Job- CTO – Ericsson

Job Description Description · Chief Technology Officer (CTO) is responsible for overseeing all technical aspects of the company’s strategy and implementation. Using an active and practical approach, the CTO will direct the technology focus to attain Ericsson Federal’s strategic goals and plan. Responsibilities: – Reports directly to the CEO – …

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Ericsson Federal opens new headquarters to better serve government

Yesterday, Ericsson Federal, Inc. (EFI) announced that the opening of its new headquarters in Reston, Va. The new location is designed to help better serve the company’s expanding government customer base and support its delivery of tactical and infrastructure wireless services to government on all levels. It includes the EFI …

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Ericsson to help guide Digital Health Initiative

On Tuesday, telecommunications giant Ericsson announced that it will be a founding member of the Advisory Board of the Digital Health Initiative (DHI). The multi-stakeholder partnership’s goal is to accelerate the achievement of the Millennium Development Goals (MDGs) for health through the utilization and promotion of digital health solutions. Ericsson …

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Ericsson Federal Expands With 6 New Execs In Hopes Of New Government Cliental

Ericsson Federal Inc. appointed six new executives this week to complement Ericsson’s expanding business with federal, state, and local governments through wireless and broadband solutions. “EFI’s new executive team demonstrates our investment in and commitment to the government market as we deliver innovative infrastructure and broadband communications solutions that advance government …

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