Ericordia/Telicsson – Ericsson Completes Purchase of Telcordia

Back in June, after several month of speculation, news broke that it was Ericsson that intended to buy Telcordia. That deal has now completed, just a few weeks later than expected.

Celebratory Ericsson-branded mugs all-round for the Telcordia team.

According to the press release, Telcordia was aquired for $1.15billion for annual revenues of $739m.

Telcordia now joins Ericsson's Business Unit Mulimedia.

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