Ericsson taps in to ATM product line

By ZDNet Staff
13 July 2001 11:31 AM
Tags: ericsson, atm
Ericsson has acquired ATM equipment supplier Jtec's ATM multiservice access technology and related intellectual property for about AU$16.5 million.

All 52 employees of Jtec will be offered employment in what will become a new Ericsson Australia subsidiary with headquarters in Sydney.

Jtec's technology will provide Ericsson with a full, in-house ATM product portfolio, enabling Ericsson to offer operators a more cost effective end-to-end solution, Ericsson said in a statement.

"The acquisition of Jtec and its intellectual property by Ericsson globally, sends a clear message to the world that Australians are undoubtedly capable of providing world class solutions within the IT space," Ericsson Australia MD, Karl Sundstrom, said.

Ericsson's GM of ATM Multiservice Networks Product Unit, Ragnar Erkander, said: "Ericsson conducted an extensive review of the global market place for these products before coming to the conclusion that the Australian Jtec products, with their award winning technology and economic fit, were the clear choice for Ericsson."

"This agreement will provide Ericsson with a distinct competitive advantage in the marketplace for next generation solutions," he concluded.

Advertisement

Talkback 1 comments

    The last Australian comms hard ...Anonymous -- 13/07/01

    The last Australian comms hardware company bites the big one. R.I.P. Jtec.
    From the ashes..... A stronger Pansaseer.

Latest Videos

Sponsored content

Power Centre - Content from our premier sponsors

Blogs

  • Suzanne Tindal Sick of broken tender sites
    Some of the state governments desperately need to invest in more user-friendly tender sites so that looking for information on government tenders doesn't have to be a game of blind man's bluff.
  • Array Cyberwar: What is it good for?
    In this week's episode, Cyberwar. What is Australia's place in the world of digital warfare? What are the implications for the NBN?
  • Array Is wholesale-only backhaul just a pipedream?
    The potential acquisition of Pipe Networks by SP Telemedia has raised the question about whether vertically integrated backhaul providers will mean higher wholesale prices for ISP customers.
  • More blogs »

Tags

Back to top

Featured