Latest column
LTE -- What Voice Services?
by Jose Deras
SAIC to Sell Telcordia for $1.35 Billion in Cash
Science Applications International Corporation (SAIC) agreed to sell its Telcordia subsidiary to Providence Equity Partners (Providence) and Warburg Pincus (Warburg) for $1.35 billion in cash. Providence and Warburg are equal equity investors in the transaction.
Telcordia, which is based in Piscataway, New Jersey, is a provider of telecommunications software and services for IP, wireline, wireless and cable providers. The company offers consulting, systems integration, research and development and network planning services. Telcordia software currently handles all U.S. toll-free traffic with 90% market share of wireless number portability in the U.S.
For the past two years, Telcordia has been transforming itself to help its customers automate their business and improve their bottom line," said Matt Desch, chief executive officer, Telcordia.
JP Morgan acted as SAIC's exclusive financial advisor.
http://www.telcordia.com
18-Nov-04
- Telcordia was previously known as Bellcore prior to is acquisition by SAIC from the Regional Bell Operating Companies in 1997.
- In September 2003, Telcordia Technologies unveiled its "Elementive" portfolio for managing IP, optical and wireless networks. The open, configurable Elementive portfolio is based on industry standards including J2EE and TMF 513, and would let carriers implement modularized OSS/BSS components either from Telcordia or its partners. Telcordia said its new business model would help carriers increase new enterprise service revenues while lowering their operating costs through the use of off-the-shelf OSS/BSS products.
No records returned. Back to previous list of Search Results
Search
this site
Search
the Web
E-mail Newsletter
