STOCKHOLM, Sweden—Ericsson said it has decided to acquire the remaining 19 percent of its joint venture EHPT from Hewlett-Packard in order to enhance its third-generation (3G) billing and business support systems. EHPT’s activities will be incorporated into Ericsson’s operations as of 4 September 2001.
“HP will remain a strong partner of Ericsson, reselling, implementing and supporting billing systems and business support systems through the different HP organizations,” said Ericsson in a statement.
Ericsson to buy HP stake in EHPT
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