Ericsson acquires telecom-gear unit of U.K.'s Marconi

Article Abstract:

Telefonaktiebolaget LM Ericsson of Sweden is to acquire Marconi PLC of the United Kingdom for 1.2 billion Pounds ($2.1 billion). The British telecommunications-network equipment company missed out on a major contract and had been floundering before a reorganization. Telefonaktiebolaget LM Ericsson hopes to increase market share with the acquisition.

United Kingdom, Company Profile, Telent PLC

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Ericsson's purchase of Redback boosts Internet - video strategy

Article Abstract:

Telefonaktiebolaget LM Ericsson of Sweden is to acquire Redback Networks Inc. of the United States for $2.1 billion. Share purchase price is $25 at an 18 percent premium. The surge in Internet, video and multimedia services has sparked a wave of telecommunication industry consolidations.

Electronic Components and Accessories, United States, Electronic components industry, Redback Networks Inc., Company overview, Financial report

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Sweden gets into the spirit of privatizing

Article Abstract:

The newly elected conservative government of Sweden is considering divesting crown corporations, particularly Vin & Spirit AB of Sweden. The liquor company produces Absolut Vodka and has approximate value of 4.3 billion Euros ($5.5 billion).

Government expenditures, Distilled and blended liquors, Beer, Wine & Liquor, Whsle, Beer, Wine, and Distilled Alcoholic Beverage Wholesalers, Economic policy, Alcoholic beverage industry, Deregulation, Vin & Spirit AB

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