Ericsson completes acquisition of Broadcast Services Division of Technicolor

Telecom Lead Europe: Ericsson has completed the
acquisition of the Broadcast Services Division of Technicolor.

“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,” said Magnus Mandersson, executive
vice president and head of Business Unit Global Services, Ericsson.

Ericsson will add more than 900 skilled employees who
will be integrated into the Ericsson group in business unit Global Services
over the coming months and will work under the Ericsson brand as of today.

Ericsson has invested in processes and tools in this
segment. With this acquisition Ericsson broadens its managed services offerings
for media broadcasters and confirms the company’s long term ambition and
commitment to the area.

Ericsson is a leading independent playout service
provider in the Nordic countries. After creating managed services business
model for telecom operators over 15 years ago, Ericsson has recently taken this
business model to other industries such as utilities and media.

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