Ericsson completes the acquisition of Bee Media

The United Kingdom will become a strategic center for Ericsson's business development in the average sector.

Ericsson He has completed the acquisition of the British Bee Media Red to Creative Broadcast Services Holdings, Creative Broadcast Services Holdings, a group controlled by the Macquarie Advanced Investment Partners Investment Fund.

Ericsson announced his intention to acquire Red Bee Media on July 1, 2013, and the United Kingdom Competition Commission formally approved the acquisition on March 27, 2014.

Ericsson will work from now hand to hand with a large number of Bee medium high profile network such as BBC, BSKYB, BT Sport, Digital Canal, Channel 4, UKTV, UPC or Virgin Media.

In addition, Ericsson has incorporated 1,500 highly qualified employees, as well as media services and operations and network facilities in the United Kingdom, France, Germany, Spain and Australia. This will further strengthen the Ericsson dissemination services, which began in 2007 with the signing of the first broadcasting services agreement with C+ (previously Canal+) in the Nordic region.

Magnus Mandersson, Executive Vice President and Chief of the Ericsson Global Services Business Unit, has been “very satisfied to welcome our new employees to Ericsson and we are sure that they will help take our broadcasting services business to the next level and expand our global presence. Now we have more than 5,000 employees in the United Kingdom and about a third of them work in Broadcast services. The United Kingdom is now an important global media center for Ericsson. ”

Every day people from all continents see prepared television programs, managed and released by Ericsson. The company was a pioneer in video compression technologies that are promoting television digitalization worldwide allowing new experiences such as high definition, television anywhere or ultra high definition.