Techdirt is on holiday this Thursday and Friday. We'll be back with our regular posts on the weekend!Hide

Ericsson Buys Marconi

Following rumors earlier this month, Ericsson has bought most of British telecom equipment vendor Marconi for about $2.1 billion. Ericsson has acquired everything except Marconi's UK services business, which will be renamed Telent, and the deal is being widely applauded by analysts, both as a great deal for Marconi shareholders, but also as a good strategic fit for Ericsson. Marconi assets will bolster the position of Ericsson -- the top wireless network gear vendor in the world -- in fixed-mobile convergence, which should help both its mobile networks business as well as in next-generation fixed networks. It was the failure by Marconi to win any part of the contract for BT's next-gen network that put the company into play originally.

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here
Get Techdirt’s Daily Email
Save me a cookie
  • Note: A CRLF will be replaced by a break tag (<br>), all other allowable HTML will remain intact
  • Allowed HTML Tags: <b> <i> <a> <em> <br> <strong> <blockquote> <hr> <tt>
Follow Techdirt
Insider Shop - Show Your Support!

Hide this ad »
Essential Reading
Techdirt Deals
Techdirt Insider Chat
Techdirt Reading List
Hide this ad »
Recent Stories
Hide this ad »


Email This

This feature is only available to registered users. Register or sign in to use it.