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Ericsson says buys US fiber technology firm

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15 February 2007 02:56PM
Tags: ericsson | buys | fiber | technology | firm

STOCKHOLM - Telecom equipment firm Ericsson said on Monday it was buying US-based fiber access technology company Entrisphere for an undisclosed amount.

STOCKHOLM (Reuters) - Telecom equipment firm Ericsson said on Monday it was buying US-based fiber access technology company Entrisphere for an undisclosed amount.

Ericsson said that the US firm, which has around 140 employees, had a product portfolio ready for "volume deployment" which met international and North American standards.

"The acquisition strengthens Ericsson's fixed broadband access portfolio and its position in converged networks," it said in a statement.

Fiber access technology is important for high definition IPTV and IP-based services which require a lot of bandwidth.

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