Microsoft to sell IPTV business to Ericsson
Quotes

Microsoft to sell IPTV business to Ericsson

Last Updated: Tuesday, April 09, 2013, 09:11
 
 Comment 0
 
Microsoft to sell IPTV business to Ericsson
Zeebiz Bureau

New Delhi: Microsoft Corp will sell its mediaroom IPTV business to Swedish telecom equipment maker Ericsson, as per a news wire.

Though the deal amount has not been made official, Ericsson said it expected to close the deal during the second half of 2013.

"This deal is within range where we previously bought a company called Optimi for $99 million and where we also bought LG Nortel for $234 million," said Ove Anebygd, Vice President and Head of TV at Ericsson. "So this is somewhere in between the two."

Ericsson said the deal would make the company, already the world's biggest mobile networks maker, the leading provider of IPTV with a 25 percent market share. Microsoft said the Mediaroom platform was offered by more than 40 operators and powered 22 million set-top boxes around the world.

With Agency Inputs



First Published: Tuesday, April 09, 2013, 09:11


Comments


comments powered by Disqus
India`s top ten billionaires
India`s top ten billionaires
Pradhan Mantri Jan Dhan Yojana - In Pics
Pradhan Mantri Jan Dhan Yojana - In Pics
Apple Smartwatch unveiled
Apple Smartwatch unveiled
Apple iPhone 6, iPhone 6 plus
Apple iPhone 6, iPhone 6 plus
Samsung Galaxy Tab 4 Nook
Samsung Galaxy Tab 4 Nook

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved