Ericsson Acquires China's Sunrise Technology for IT Services

Ericsson agreed to acquire the telecom business of Sunrise Technology, a provider of IT services in the operations and business support systems (OSS/BSS) domain. Financial terms were not disclosed.

Sunrise Technology, which is headquartered in Guangzhou, integrates complex IT solutions for leading operators in China. Areas of expertise include IT consulting, systems integration for charging and billing systems, customer relationship management and business intelligence/analytics solutions, and application development and maintenance. About 1,00 employees will join Ericsson's Global Services business, which employs 65,000 employees in 180 countries.

Magnus Mandersson, Executive Vice President and Head of Business Unit Global Services at Ericsson, says: "China is the world's biggest mobile market in terms of number of subscriptions, with 1.285 billion. Most of the country's telecom operators are at the beginning of their IT transformation journeys, and will soon replace their legacy IT systems with next-generation solutions that will enable them to launch digital offerings. The acquisition of Sunrise Technology's telecom business will boost our ability to serve mobile operators' IT transformation needs in China, and is aligned with our strategy of becoming a global ICT leader."

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