Tuesday, October 25, 2005

Ericsson to buy Marconi's telecom equipment business

By Luis Galarza

Ericsson said it has struck a deal to buy Marconi's telecom gear operation for $2.1 billion. The deal will enhance Ericsson's ability to keep pace with rivals such as Alcatel and will give Marconi cash to fund its ailing pension plan.

Copyright by Telecommunicate.blogspot.com

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