Ericsson plans to acquire carrier edge router maker Redback Networks for $2.1 billion, giving the Swedish telecom giant ammunition to battle Cisco, Juniper and its new two-headed foe, Alcatel-Lucent ...

Swedish telephone equipment maker Ericsson is making a $2.1 billion bet on new markets such as Internet television. In a deal announced late Tuesday, Ericsson said it plans to pay $25 a share (about ...

COLORADO SPRINGS, Colo. — L.M. Ericsson's $2.1 billion offer for Redback Networks Inc. announced late Tuesday (Dec. 19) represents a 60 percent premium over the router company's recent stock price, ...

Redback Networks pulled network-equipment stocks lower Tuesday, falling $1.45, or 12 percent, to a 52-week low of $10.25 after analysts downgraded the stock following the company's first-quarter ...

The Redback South 1 well will be flare tested over a 3-4 day period and then shut-in for a 7 day pressure build-up. Origin Energy, on behalf of the L11 Joint venture, advised that the exploration well ...

Telefonaktiebolaget LM Ericsson has agreed to acquire Redback Networks, a maker of carrier edge routers, for US$2.1 billion. Redback, in San Jose, Calif., makes routers for delivering voice, video, ...

Swedish telecommunications company Telefonaktiebolaget LM Ericsson has agreed to acquire Redback Networks Inc., a maker of carrier edge routers, for $2.1 billion. Redback, in San Jose, makes routers ...

With $2.1 billion, company beefs up IP-routing expertise as it tries to help phone companies offer services like IPTV. Marguerite Reardon started as a CNET News reporter in 2004, covering cellphone ...

SAN FRANCISCO (MarketWatch) -- Ericsson has agreed to acquire Redback Networks Inc. in a $2.1 billion cash deal, company officials said Tuesday evening. Telecommunications equipment giant Ericsson ...