Ericsson has completed the acquisition of Telcordia, a global leader in the development of mobile, broadband and enterprise communications software and services, for USD 1.15 billion in an all cash transaction, on a cash and debt-free basis. Telcordia is now part of the Ericsson Group and its approximately 2,600 skilled employees have joined Ericsson.

Today`s closing follows the announcement on June 14, 2011, that Ericsson had entered into a merger agreement with Providence Equity Partners, LLC and Warburg Pincus to acquire 100 percent of the shares of Telcordia.

Per Borgklint, Head of Ericsson`s business unit Multimedia, says: "The addition of Telcordia`s skilled people and knowledge, a good multi vendor product portfolio and an important customer base in North America, complement Ericsson`s already established position in the OSS/BSS space."