Ericsson has entered into an agreement to acquire the telecom business of Sunrise Technology, a provider of IT services in the operations and business support systems (OSS/BSS) domain. The deal will see Sunrise Technology's telecom unit being integrated with Ericsson's Global Services business. The Guangzhou-based Sunrise Technology will continue to exist as a separate entity - serving customers in non-telecom sectors.
According to Ericsson, Sunrise's telecom business unit has a strong track record of delivering complex IT solutions to leading operators in China and brings onboard expertise in IT consulting, systems integration for charging and billing systems, customer relationship management and business intelligence/analytics solutions. The company's approximately 1,000 employees whom are mostly based in Guangzhou will join Ericsson by the second quarter of this year, said the company.
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.
Mats H. Olsson, Senior Vice President and Head of Asia-Pacific at Ericsson
The completion of this acquisition significantly strengthens our position in China and shows our commitment to the market. The skills and experience of the Sunrise Technology employees will be key for us to continue providing leading services to our customers in China.
