Ericsson buys Telcordia for $1.15B

Ericsson, the Swedish networking equipment maker, is buying Piscataway, N.J.-based telecom software provider Telcordia for $1.15 billion, the company announced this morning. Telcordia, which can trace it roots back to the old AT&T makes software for billing and operation support.

Holy Sales Growth! Huawei Says Sales Grew Almost 29%

Huawei, the Chinese upstart, saw a 17.5 percent growth in revenue and a 29 percent upswing in contract sales for the year, despite a grim 2009 for many of the large telecommunications equipment providers. It appears to be winning as carriers meet growing demand for broadband.