Home / Ericsson won’t merge

Ericsson won’t merge

Ericsson quashed talk last week that it is the next telecom giant in line for a big merger, with the Swedish mobile firm insisting that smaller and complementary acquisitions are more likely to happen.

Ericsson quashed talk last week that it is the next telecom giant in line for a big merger, with the Swedish mobile firm insisting that smaller and complementary acquisitions are more likely to happen.

Amid speculation of fresh sector consolidation following Alcatel and Lucent’s potential marriage, CEO Carl-Henric Svanberg played down reports that Ericsson was eyeing up a number of network equipment makers including Canadian vendor Nortel, the comms business arm of Siemens, or US-based Juniper Networks.

“I am not particularly interested in bigger acquisitions,” said Svanberg at a press briefing in Stockholm. “We have not looked at Juniper. It is not an acquisition candidate for us,” he added.

Sticking to the company line, Svanburg confirmed that Ericsson would continue to make smaller acquisitions on fixed line and internet protocol (IP) telephony. He even predicted that the planned merger between Alcatel and Lucent could create opportunities in the US market for Ericsson by taking out a fixed line competitor.

Ericsson last year bought UK-based Marconi for US$2.2billion, and at its AGM last week Svanberg declared that the combination of Ericsson and Marconi has resulted in a powerful portfolio for next-generation converged networks — which is seen as a key market within the industry.

Follow us to get the most comprehensive technology news in UAE delivered fresh from our social media accounts on Facebook, Twitter, Youtube, and listen to our Weekly Podcast. Click here to sign up for our weekly newsletter on curated technology news in the Middle East and Worldwide.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

CHANNEL AWARD 2018