Ericsson: A Strong Buy - Analyst Blog Date : 07/0

Ericsson: A Strong Buy - Analyst Blog
Date : 07/05/2013 @ 10:00AM
Source : Zacks
http://ih.advfn.com/p.php?pid=nmona&article=58305540

Ericsson to acquire leading media services company Red Bee Media
Date : 07/01/2013 @ 2:39AM

The acquisition, which is subject to regulatory approval, supports Ericsson's strategy to grow in the broadcast services market and takes advantage of its technology and services leadership to help broadcasters and content owners address the convergence of video and mobility . It will bring 1,500 highly-skilled employees, as well as media services and operations facilities in the UK, France, Germany, Spain and Australia. This will further strengthen Ericsson's broadcast services business, which was started in 2007 and expanded in 2012 with the acquisition of Technicolor's Broadcast Services Division.

New services are expanding and re-defining the way consumers experience entertainment, placing new economic and creativity demands on businesses - whether they be broadcasters, telcos or other media companies - worldwide . According to the Ericsson Mobility Report June 2013 release, video is the single biggest contributor to traffic in mobile networks and this is expected to grow 60 percent annually until the end of 2018.

" Ericsson is making a step change to our business, cementing our commitment to TV and broadcast services and continuing a journey we started in 2007 ," says Magnus Mandersson, Executive Vice President and Head of Business Unit Global Services, Ericsson. "We can create value for broadcasters by making digital content more accessible, enabling monetization of TV content more efficiently . Video traffic shows very strong uptake in the mobile networks and Ericsson can address the need of both broadcasters and telecom operators through our technology expertise and services capabilities."

Ericsson's broadcast services expertise makes use of its industry leading position in managed services and serves leading regional and global broadcasters to bring enhanced efficiency into their business operations - being it live or thematic content.

Serving one billion subscribers worldwide , Ericsson is the leading provider of managed services for telecom operator networks. It has invested in processes, methods and tools in this segment for more than 15 years. In recent years, Ericsson has expanded this successful business model to other industries, such as utilities, transportation and the TV industry.
http://ih.advfn.com/p.php?pid=nmona&article=58226779

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Is that a cup an' handle on the 5yr?  Call'em like you see'em......good fortune your way.