Ericsson Agrees to Buy Devoteam
Ericsson today announced that it has agreed to acquire Devoteam Telecom & Media of France. Devoteam provides consulting and IT management services, which Ericsson will add to its own consulting organization. The acquisition includes about 400 employees, as well as Devoteam's StartVision operations. Ericsson expects the acquisition to close during the second quarter of the year, pending regulatory review.
Nokia to Buy Alcatel-Lucent, Mulling Options for HERE Maps
Nokia today said it has agreed to acquire Alcatel-Lucent for $16.6 billion. The combined companies would be a giant in the telecom equipment space with more than 100,000 employees.
Ericsson to Dump Mobile Modem Biz
Ericsson today said it will cease to make wireless modems for mobile devices and cut about 1,000 jobs as a result. Ericsson cited fierce competition in the space as playing a role in its decision.
Apple and Ericsson Sign Patent Accord, Settle Lawsuits
Apple and Ericsson have signed a patent-licensing agreement and put an end to on-going patent litigation between the two. Ericsson said the deal is broad and covers 2G, 3G, and 4G LTE technologies.
Verizon Picks Up XO's Fiber Network to Beef Up Backhaul
Verizon Communications today said it has agreed to acquire XO Communications' fiber business for $1.8 billion. The deal, says Verizon, will help it serve its enterprise and wholesale customers, as well as allow Verizon to further densify its cellular network.