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Examples
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Telcordia, which is based in Piscataway, N.J., was one of two companies the Indian government selected to provide crucial services to carriers in the transition to so-called number portability.
India Scrutinizes U.S. Firm for Pakistan Ties Amol Sharma 2010
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Swedish telecom group Ericsson rose 1.7% after the company said it will buy U.S.-based software and services provider Telcordia for $1.15 billion.
Europe Stocks Gain Barbara Kollmeyer 2011
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Ericsson Chief Executive Hans Vestberg described Telcordia as a "perfect fit" in a statement Tuesday.
Ericsson Says It Will Buy Telcordia for $1.15 Billion Anupreeta Das 2011
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Telcordia earned $739 million in revenue for its fiscal year ended Jan. 31, 2011, according to the statement.
Ericsson Says It Will Buy Telcordia for $1.15 Billion Anupreeta Das 2011
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Swedish telecom group Ericsson rose 1.7% after the company said it will buy U.S.-based software and services provider Telcordia for $1.15 billion.
Europe, Asia Rise Barbara Kollmeyer 2011
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The Wall Street Journal reported in January that Telcordia's owners, private-equity firms Providence Equity Partners and Warburg Pincus, had put the company up for sale.
Ericsson Says It Will Buy Telcordia for $1.15 Billion Anupreeta Das 2011
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The private equity firms bought Telcordia from SAIC Inc. in 2004 for $1.35 billion.
Ericsson Says It Will Buy Telcordia for $1.15 Billion Anupreeta Das 2011
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The deal also gives Ericsson a stronger foothold in the U.S. market as Telcordia's clients include major domestic carriers such as AT&T Inc. and Sprint-Nextel Corp.
Ericsson Says It Will Buy Telcordia for $1.15 Billion Anupreeta Das 2011
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Telcordia, which began as Bellcore, providing software to the seven regional Bell telephone operating companies before being sold to SAIC Inc., also owns technology that allows phone-service providers to track billing and activate new services, although that is considered a "legacy" business.
Ericsson Says It Will Buy Telcordia for $1.15 Billion Anupreeta Das 2011
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Piscataway, N.J.-based Telcordia provides software and services to fixed-line and wireless carriers, helping them manage their networks more efficiently.
Ericsson Says It Will Buy Telcordia for $1.15 Billion Anupreeta Das 2011
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