Ericsson to acquire Thai company’s business
By Digital News Asia July 15, 2013
- Completion of acquisition expected by end of Q3, 2013
- About 50 SI professionals from TeleOSS to join Ericsson
STOCKHOLM-based Ericsson has announced its intention to acquire the entire business of Bangkok-based TeleOSS Consulting Ltd. in a business transfer agreement.
TeleOSS Consulting specialises in consulting and systems integration for operating support systems.
The completion of the acquisition is subject to consultation and customary closing conditions and is expected to take place by the end of the third quarter this year, Ericsson said in a statement.
The deal will see around 50 skilled, Thailand-based systems integration professionals join Ericsson.
TeleOSS Consulting delivers operating support systems solutions to telecom service providers, particularly in the areas of inventory and traffic management and software development.
The acquisition complements Ericsson's existing consulting and systems integration expertise in these fields and will further strengthen the company’s customer relations and operating support systems transformation capabilities in South-East Asia and Oceania, Ericsson said.
“This strategic investment is in line with our long term ambition and commitment to strengthen our capabilities in the IT transformation area,” said Paolo Colella, head of Consulting and Systems Integration at Ericsson.
“I am convinced that this acquisition will provide a valuable addition to Ericsson’s world-class capabilities in systems integration in the operating support systems field,” said TeleOSS Consulting managing director Tosaporn Wongweeratorn.
“Together we can help to ensure high quality service delivery to customers and their subscribers through the combined comprehensive range of operating support systems solutions. The service professionals who join Ericsson will also benefit from its global presence,” he added.
Ericsson has 15,000 consulting and systems integration professionals who deliver more than 1,500 consulting, systems integration and learning services projects in multivendor and multi-technology environments each year.
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