Tekelec Sells Switching Business to Ericsson

Tekelec is selling its struggling switching business to Ericson according to Light Reading. The price could be 50-80 million dollars according to the article. The company announced earnings today. Stay tuned for details on TMCnet.
 
According to Tekelec's Joni Brooks the company is not selling their switching solutions business to Ericsson, but rather that they have simply retained the services of JP Morgan to evaluate and assess that business, to advise, identify and evaluate strategic alternatives in order to help them leverage their switching technology.

So either Light Reading is way ahead of the game on this one or jumped the gun too quickly. I plan on contacting them to see if they will comment on this story.
November 1, 2006 6:04 PM | 0 Comments | 0 TrackBacks

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Update on Tekelec Switching Purchase from VoIP Blog - Tehrani.com on November 3, 2006 4:18 PM

Phil Harvey recently updated me on the situation with Light Reading's take on the Tekelec switching division being sold to Ericsson:Our sources may be wrong on the acquirer. We updated our story yesterday and are still following up with everyone... Read More

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