Ericsson moves into broadcasting
Ericsson is broadening its managed services capability with a €19 million acquisition of media and entertainment firm Technicolor’s broadcast services division.
The infrastructure firm states the purchase, which includes 900 staff in the UK, Netherlands and France, is in line with a previously announced plan to expand its managed services business into the broadcast arena. The acquisition includes current Technicolor customers in the three countries, and is tipped to clear regulators by mid-year.
Magnus Mandersson, executive vice president and head of Ericsson’s Global Services business unit, says the move “enables broadcasters to meet the increasing commercial and technological complexity and competition in the TV market,” as the industry shifts to “multi-platform, on-demand television.”