STOCKHOLM, SWEDEN — (Marketwire) — 03/13/12 —
Ericsson (NASDAQ: ERIC), the world leader in communication technologies and
services, today announced that it has submitted a binding offer to acquire
the
Broadcast Services Division of Technicolor, a worldwide technology leader
in the
media and entertainment sector, headquartered in France. The closing of the
acquisition is subject to relevant customary regulatory administrative
approvals
and consultations.
The acquisition will bring approximately 900 highly skilled professionals
and
playout operations located in France, UK and the Netherlands serving
several
leading broadcasters and will allow Ericsson to substantially increase its
current broadcast operations in terms of channels managed and households
reached.
The announced acquisition intention is in line with Ericsson-s managed
services
strategy to broaden its capabilities in the broadcasting area. Ericsson
applies
the managed services business model established in telecom operations, to
improve efficiency, introduce innovation and increase revenues for the
broadcasters.
“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” says 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.”
Frederic Rose, CEO of Technicolor, declared: “This transaction is
consistent
with Technicolor-s strategy to focus on media monetization solutions, new
growth
businesses, and strengthen its balance sheet. For Ericsson, managed
services are
a core business and after completion of this divesture, the Broadcast
Services
activity will benefit from the company-s know-how and global scale
necessary to
remain a key player in the worldwide Broadcast industry”.
Ericsson is the leading provider of managed services for telecom operators
and
has invested in processes and tools in this segment. With this acquisition
Ericsson broadens its managed services for media broadcasters offering and
confirms the company-s long term ambition and commitment to the area.
Ericsson is the number one independent playout service provider in the
Nordic
countries, and has managed services agreements with broadcasters in Europe
and
Asia. After this acquisition Ericsson will be the leading independent
playout
service provider in Europe.
Managed services is an example of Ericsson-s continuous innovation – after
creating this business model for telecom operators over 15 years ago,
Ericsson
has during the last years taken this successful business to other
industries
such as utilities and media.
NOTES TO EDITORS
Photo of Magnus Mandersson
Global Services Press Kit
About Technicolor
Other press releases about broadcast deals
Ericsson to operate TV4 Group-s playout services
MediaCorp selects Ericsson to enable and manage over-the-top interactive TV
services
Our multimedia content is available at the broadcast room:
Ericsson is the world-s 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
more than 40 percent of the world-s mobile traffic goes through Ericsson
networks and we support customers- networks servicing more than 2 billion
subscribers.
We operate in 180 countries and employ more than 100,000 people. Founded in
1876, Ericsson is headquartered in Stockholm, Sweden. In 2011 the company
had
revenues of SEK 226,9 billion (USD 35.0 billion). Ericsson is listed on
NASDAQ
OMX, Stockholm and NASDAQ, New York stock exchanges.
Press Release in PDF:
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originality of the information contained therein.
Source: Ericsson via Thomson Reuters ONE
[HUG#1593417]
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail:
Ericsson Investor Relations
Phone: +46 10 719 00 00
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