Ericsson to Acquire Entire Business of Canada-Based Telcocell
Ericsson announced that the Company has entered into an agreement to acquire the entire business of Telcocell, a Canada-based consulting and systems integration company specializing in Business Support Systems (BSS), as well as its subsidiaries. Approximately 200 services employees and consultants primarily based in Canada and the United States are expected to join Ericsson. The acquisition is expected to close by the end of the third quarter of 2013, subject to customary closing conditions. Financial details were not disclosed.
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