Ericsson buys Turkish firm

Hurriyet Daily News with wires

Swedish wireless equipment maker LM Ericsson on Thursday said it had bought all the shares in Turkish systems integration company Bizitek for an undisclosed sum.

Ericsson said it would take on Bizitek's 116 employees as part of the acquisition, according to an Associated Press report.

Bizitek is specialized in the field of business support systems, and Ericsson said this would give it an additional competence to provide solutions in business support systems for charging, provisioning, billing and customer relations management.

The integration of the company into Ericsson should be completed in 12 months.

"This investment is a turning point in the history of Ericsson Turkey," Anatolia news agency quoted Anders Lindblad, general manager of Ericsson Turkey, as saying.

"System integration plays a key role in the All-IP transformation of operators. With Bizitek, we are acquiring a strong expertise and a strategic advantage in competition in our service portfolio. We are acquiring a perfection that serves from end-to-end through the layers of pricing, provisioning, billing and customer relations management," said Lindblad.