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Tag Archives: Hans Vestberg

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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