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Ericsson Acquires Spanish Fiber-Services Firm Abentel

Ericsson Acquires Spanish Fiber-Services Firm Abentel Image Credit: The Fast Mode

Ericsson has entered into an agreement with Spanish energy and technology conglomerate Abengoa to acquire its fiber networks roll-out and maintenance services subsidiary, Abentel. Ericsson will be taking over Abentel's assets, projects and employees to further enhance its comprehensive end-to-end fiber services offering.

The agreement is expected to enforce Ericsson's leadership position in telecommunication services specifically in Fiber Network Deployment and maintenance, where Ericsson is conducting important projects in different countries.

About 500 services professionals specialized in fiber networks rollout and maintenance services will join Ericsson, bringing a relevant set of skills to continue expanding in the growing field of fiber-related services.

Bringing together the competence, tools and process of both companies will allow Ericsson to create a global hub for fiber services, from where to continue strengthening its presence in this growing market.

The demand for fiber-optic transmission is rapidly growing to accommodate increasing bandwidth requirements driven by new applications, specifically video services. According to the Ericsson Mobility Report, 85 percent of data traffic generated by the use of smartphone video apps goes over Wi-Fi, mainly indoors.

Richard Hoepner, Head of Network Roll-Out and Customer Support, Ericsson
Fiber is a key component for the next generation all-optical IP network. By acquiring Abentel's capabilities and coupling them with Ericsson's world-class service offering, Ericsson can deliver unmatched scalability for its customers' fiber projects.

Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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