Microsoft sells IPTV platform to Ericsson1 min read . Updated: 09 Apr 2013, 12:38 AM IST
Mediaroom will help Ericsson to be the largest provider of IPTV technology, with a market share of over 25%
Mediaroom, based in Mountain View, California, has more than 400 employees globally and will help Ericsson be the largest provider of Internet protocol television (IPTV) technology, with a market share of over 25%, Ericsson said on Monday in a statement. The value of the deal wasn’t disclosed.
Ericsson, the largest maker of wireless networks, is seeking to cater to carriers that are competing with cable, satellite and web-based providers. The move will also help Stockholm-based Ericsson step up its emphasis on software and services amid accelerating competition in hardware.
The global IPTV market is estimated to reach 105 million subscribers in 2015, expanding to $45 billion by that year from $32 billion in 2013, Ericsson said. The deal is expected to close in the second half of this year.
Ericsson advanced 0.3% to 77.80 kronor at 3:39pm in Stockholm. Microsoft declined 0.2% to $28.64 in New York. Bloomberg