Ericsson to acquire Telcocell

Ericsson on Thursday announced that it has entered into an agreement to acquire the entire business of Telcocell.

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.

Ericsson will benefit from Telcocell's consulting and systems integration experience in converged charging, custom development, quality assurance and production support for BSS.

The acquisition complements Ericsson's existing comprehensive BSS product portfolio and expertise in these fields and will further strengthen the company's customer relations and BSS transformation capabilities, primarily in North America.

Paolo Colella, head of consulting and systems integration at Ericsson said, "Acquiring capabilities from Telcocell will further strengthen our ability to offer full ICT transformation capabilities to our customers, and Ericsson's competitiveness at the intersection where IT meets telecom."

Mickey Weizmann, CEO, founder and managing partner at Telcocell said, "Telcocell's multi-vendor BSS consulting and systems integration expertise will broaden Ericsson's services capabilities. From Telcocell's side, the team will benefit from joining a company of approximately 64,000 services employees with global scale and presence."

Ericsson's well-established services offerings and broad software portfolio supports customers in transforming their operations and IT environments, improving the user experience as well as increasing efficiency and enabling service innovation.