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Stock Market & Financial Investment News

News Breaks
January 21, 2013
12:59 EDTERICEricsson to acquire IT services capabilities from Devoteam in France
Ericsson announces its intention to acquire Devoteam Telecom & Media operations in France. Devoteam is a leader in Information and Communications Technology consulting with 5000 employees in Europe, Middle East and Africa. The completion of the acquisition is subject to consultation and customary closing conditions. It is expected to take place by the beginning of Q2, 2013. The deal will see 400 skilled, France-based, IT services professionals join Ericsson. It includes also the acquisition of TV SmartVision operations.
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August 22, 2014
06:46 EDTERICEricsson contract with MTS upped to exceed $1.5B, Reuters says
Russia's MTS said that it had raised the value of its contract with Ericsson to exceed $1.5B, reported Reuters. MTS noted that it agreed to an extra $286M contract with the Swedish company for the broadening and modernization of its 2G, 3G and LTE networks throughout Russia. Reference Link
August 20, 2014
05:20 EDTERICEricsson to upgrade Vodafone Australia network
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