Ericsson to buy Telcordia

As if to prove you should never listen to rumours (eh? Light Reading?), Ericsson has announced their plan to purchase Telcordia.

Priced at $1.2bn for the OSS big-hitter reported to be currently doing around $739m in revenues.

Much more exciting news than my assumption of an investment bank putting up the cash.

More details on the FT website.

, , ,