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Ericsson to acquire Telcordia
Ericsson, the telecoms technology and service company, today announced that it has reached an agreement with Providence Equity Partners and Warburg Pincus to buy Telcordia, a global leader in the development of mobile, broadband and enterprise communications software and services, for $1.15bn (£700m). Ericsson’s deal is expected to close before the end of the year.