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Telecommunications Ericsson completes acquisition of Marconi assets
Telecommunications Ericsson completes acquisition of Marconi assets | Ericsson completes acquisition of Marconi assets |
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| by Stuart Corner | |
| Wednesday, 25 January 2006 | |
  
Ericsson says the acquisition is effective from January 1, 2006 and the acquired businesses will consolidated into Ericsson's accounts starting with the first quarter of 2006. Ericsson says the acquisition willl strengthen its position in the accelerating transmission segments and "expand Ericsson's platform for leadership in next generation converging networks." Marconi Australia has been one of the company's must successful operations in recent years and is major supplier to Telstra, and others. No details on how it wil be integrated were available at press time. |
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