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Devoteam SA in Talks to Sell its French Subsidiary to Ericsson

Tuesday, 26 Feb 2013 12:35pm EST 

Devoteam SA announced that it has entered talks with Ericsson to sell Devoteam SA's French subsidiary Telecom & Media, which represents approximately 7% of Devoteam SA's turnover. Devoteam SA also announced that the divestiture, which is in line with Devoteam SA's plan to refocus on its strategic offers, is expected to be finalized in the Q2 of the year 2013. Financial terms were not disclosed.