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 ...

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, ...

Origin Energy reported that the Weatherford drilling rig 826 is currently on location in preparation for the drilling of the Redback South 1 exploration well. Origin Energy, on behalf of the L11 Joint ...

Redback Networks Inc., which makes routers used to direct data over broadband networks, said late Tuesday it has agreed to be acquired by Swedish mobile phone equipment maker LM Ericsson for $2.1 ...

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 ...

Origin Energy has hit gas in the Redback South-1 exploration well drilled in the Northern Perth basin onshore Western Australia. The well was drilled to 3934 metres about 2.2 kilometres north-east of ...

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, ...

The Swedish equipment manufacturer, Ericsson, will buy American firm, Redback Networks, for $2.1bn (£1.06bn) the companies said Tuesday. The cash offer of $25 a share is an 18 percent premium to ...

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 ...

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 ...