Ericsson closes out Technicolor broadcast services acquisition -
Ericsson closes out Technicolor broadcast services acquisition
Editor ©RapidTVNews | 03-07-2012
Just over three months after the intention to buy was announced, the ink has dried on the acquisition by Ericsson Broadcast Services Division of Technicolor.
Effective immediately, Technicolor's Broadcast Services Division will operate under the Ericsson brand as it attempts to make a major push into the area of managed services for broadcasters, hoping to replicate the success that it has had with such a business model in the telecoms arena.
The communications technologies and services provider has confirmed that the acquisition will result in it having 900 professionals and playout operations in France, UK and Netherlands who will be integrated into the Ericsson Global Services business unit.
Commented Ericsson Executive Vice President and Head of Business Unit Global Services, Magnus Mandersson: "With this acquisition Ericsson has strengthened its position in the broadcast managed services market and reinforced our growth ambitions. Managed services in one of the main focus areas for Ericsson and we will continue to invest and expand this area."