Ericsson Acquires Telcocell for BSS

STOCKHOLM -- Ericsson (NASDAQ:ERIC) today announced that it has entered into an agreement to acquire the entire business of Telcocell, a Canada-based consulting and systems integration company specializing in Business Support Systems (BSS), as well as its subsidiaries. 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.

Ericsson AB