Ericsson (NASDAQ: ERIC) today announces the completion of its acquisition of the entire business of TeleOSS Consulting Ltd. in Thailand through a business transfer agreement. Today’s announcement of the closing of the deal on September 2, 2013, follows the initial announcement of Ericsson’s intention to purchase TeleOSS on July 12, 2013.
"The acquired capabilities, especially in the areas of traffic and inventory management, together with Ericsson’s extensive offering in the OSS area, complement our wide range of solutions. This enables us to offer high-quality service delivery to our customers and further strengthen our customer relations in Southeast Asia and Oceania," says Paolo Colella, Head of Consulting and Systems Integration at Ericsson.
The acquisition also complements Ericsson’s comprehensive Operations Support Systems product portfolio.
Approximately 50 skilled consulting and systems integration professionals will be welcomed and integrated into Ericsson in Thailand over the coming months, and will work under the Ericsson brand as of September 2, 2013.
Ericsson is the clear market leader in telecom services worldwide, providing a wide range of services to operators. Ericsson’s Consulting and Systems Integration (CSI) business line assists communications service providers and operators in driving business transformation and ensuring competitiveness at the intersection where IT meets networks.
Ericsson has about 15,000 consulting and systems integration experts globally and delivers more than 1,500 consulting and systems integration projects on a yearly basis. Ericsson offers a combination of strong services capabilities and a comprehensive software portfolio that enables customers to transform their operations and IT environments, improve the user experience, increase efficiency and enable service innovation.
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Ericsson is a world-leading provider of communications technology and services. We are enabling the Networked Society with efficient real-time solutions that allow us all to study, work and live our lives more freely, in sustainable societies around the world.
Our offering comprises services, software and infrastructure within Information and Communications Technology for telecom operators and other industries. Today 40 percent of the world's mobile traffic goes through Ericsson networks and we support customers’ networks servicing more than 2.5 billion subscriptions.
We are more than 110,000 people working with customers in more than 180 countries. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden. In 2012 the company’s net sales were SEK 227.8 billion (USD 33.8 billion). Ericsson is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges.
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