Mobile and Wireless

Ericsson to divest its TEMS-branded products business to Ascom

By Team Diginews4u ⋅ March 24, 2009 ⋅  Email This Post ⋅ Post a comment

Ericsson has entered into an agreement to divest its TEMS-branded products business, consisting of tools for air interface monitoring and radio network planning, to Ascom.

The agreement involves the transfer of about 300 employees of which around 180 are based in Sweden. The transaction is expected to close in June this year.

Ericsson said that with the divestment, the company seeks to refine its Professional Services portfolio to focus more on the services business.

Ericsson’s TEMS-branded products business provides tools for air interface monitoring and radio network planning. These solutions facilitate planning, implementation and optimisation of networks.

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Tags: Divestment, Investment, Marketing, Radio