Ericsson closes acquisition of Microsoft Mediaroom
(Thomson Reuters ONE) -
* Mediaroom is the world's most deployed IPTV platform, serving almost 13
million consumer households
* Acquisition confirms Ericsson as a world leader for cutting edge TV-over-IP
delivery with a combined market share of around 25%
* Deal represents a strategic addition to Ericsson's multi-screen offering
Ericsson (NASDAQ:ERIC) has today completed the acquisition of Microsoft's
Mediaroom business and TV solution. Together with Ericsson's existing
capability, the acquisition places the firm as the world's largest, by market
share, and the most experienced provider of IPTV middleware technology and
solutions.
As the most deployed IPTV platform, with a global market share of around 25%,
Mediaroom-powered TV services are offered by nearly 60 of the world's leading
operators, delivering services to almost 13 million households, and close to 24
million set top boxes, throughout the world.
Per Borgklint, Senior Vice President and Head of Business Unit Support Solutions
at Ericsson said: "This acquisition places us even more securely at the heart of
an exciting and highly innovative industry. IPTV subscribers alone are predicted
to grow by more than 18% each year to reach 105 million subscribers and revenue
of USD 45 b. by 2015. By incorporating Mediaroom into our broad portfolio of
solutions we will ensure our customers have the ultimate partner as they
transform towards true TV Anywhere multi-screen services and optimized video
delivery in any network"
Alongside some of the largest and most innovative telecoms operator customers
and a world renowned telecoms video brand and solution, the acquisition brings
to Ericsson a skilled team with deep experience in the development and delivery
of innovative IPTV services.
Mediaroom is based in Mountain View, California, and is comprised of more than
400 people worldwide. The former Mediaroom business unit, including staff, will
be integrated into the Ericsson group under the Business Unit Support Solutions,
and will be called Ericsson Mediaroom as of today.
Today's closing follows the announcement on April 8, 2013, that Ericsson was
entering into an agreement to purchase Microsoft's Mediaroom business.
NOTES TO EDITORS
Photo and bio of Per Borgklint
Ericsson, including Ericsson Mediaroom, will be present at IBC in Amsterdam
(September 13-17, 2013) to showcase its broad portfolio of TV solutions and
services http://www.ericsson.com/news/130827-game-changing-tv-
anywhere_244129227_c
Recent Ericsson ConsumerLab report on the role of mobile devices in radically
shifting TV and video viewing habits
More information about the acquisition can be found at
www.ericsson.com/mediaroom
Download high-resolution photos and broadcast-quality video at
www.ericsson.com/press
http://www.ericsson.com/timetoplay
https://twitter.com/EricssonTV
Ericsson TV on Google+
Ericsson TV & Media Management on YouTube
Ericsson is a world-leading provider of communications technology and services.
We are enabling the Networked Society with efficient real-time solutions that
allow us all to study, work and live our lives more freely, in sustainable
societies around the world.
Our offering comprises services, software and infrastructure within Information
and Communications Technology for telecom operators and other industries. Today
40 percent of the world's mobile traffic goes through Ericsson networks and we
support customers' networks servicing more than 2.5 billion subscriptions.
We are more than 110,000 people working with customers in more than 180
countries. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden. In
2012 the company's net sales were SEK 227.8 billion (USD 33.8 billion). Ericsson
is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges.
www.ericsson.com
www.ericsson.com/news
www.twitter.com/ericssonpress
www.facebook.com/ericsson
www.youtube.com/ericssonpress
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations(at)ericsson.com
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: investor.relations(at)ericsson.com
Ericsson Mediaroom PDF:
http://hugin.info/1061/R/1727445/576639.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ericsson via Thomson Reuters ONE
[HUG#1727445]
Unternehmensinformation / Kurzprofil:
Datum: 05.09.2013 - 15:23 Uhr
Sprache: Deutsch
News-ID 293936
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