7 Aug

Ericsson is set to acquire the broadcast services

first_imgEricsson is set to acquire the broadcast services division of Technicolor.Ericsson has submitted a binding offer of €19 million and a potential earn-out based on 2015 revenues of the division’s activity of up to €9 million. The company said the acquisition would boost its broadcast operations in terms of the number of channels managed and households reached.“As the TV industry is undergoing fundamental changes with the transition to multi-platform, on-demand television, teaming up with a trusted partner enables broadcasters to meet the increasing commercial and technological complexity and competition in the TV market,” said Magnus Mandersson, executive vice-president and head of business unit global services, Ericsson. “We combine our service and technology leadership with strategic investments in playout operations, broadcast capability and competence.”The closing of the acquisition is subject to relevant customary regulatory administrative approvals and consultations.last_img

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