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.
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.
Verizon and Hearst to Acquire Complex for Mobile Content
Verizon Communications and Hearst have agreed to acquire Complex, a media organization founded by Mark Ecko that creates content for young adult audiences. Under the terms of the agreement, Verizon and Hearst will each own 50% of Complex through a joint venture.
BlackBerry to Buy Good Technology
BlackBerry today said it has agreed to purchase Good Technology for $425 million. Good Technology makes and sells mobile email products as well as mobile device management tools.