Ericsson did not see IP technology company acquisition economically viable - Talouselama
Ericsson [STO: ERIC-B], the Swedish telephone network giant, could have acquired an IP technology company but did not see it economically viable, according to Talouselama.
The Finnish language paper cited the company’s CEO Hans Vestberg, who said that Ericsson could have acquired a company that has specialization in IP technology. However, it was not economically sensible, he added.
Vestberg said that an acquisition would have not fitted into the company’s strategy since it is increasingly moving towards software and services, the report said.
His comments come as it was speculated Ericsson was interested in acquiring the California-based tech company Juniper Networks [NYSE: JNPR].
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