Ericsson To Buy Microsoft Corp's Mediaroom Business
Bangalore: Swedish maker of telecommunication equipments, Ericsson AB has agreed to buy Microsoft Corporation’s Mediaroom business which makes software that powers AT&T’s U-Verse TV service. However, it is not known as to how much Ericsson will pay.
Mediaroom, based in Mountain View, California will help Ericsson become the largest provider of IPTV technology with over 25 percent market share. The Californian Company has over 400 employees globally and gives phone companies a way to provide cable-like TV services over phone lines. This is used in 22 million set-top boxes in 11 million households, according to Microsoft. U-Verse which accounts for 4.5 million of these homes is also used by Germany’s Deutsche Telekom and Canada’s Telus Communications.
According to Bloomberg’s report, Microsoft Corp. based in Redmond, Washington is looking forward to commit 100 percent of its focus on making its Xbox service a delivery vehicle for entertainment with regards to game consoles, PCs and Tablets.
By 2015, IPTV subscriptions are estimated to reach 105 million, expanding its revenue from $32 billion (in 2013) to $45 billion by that year. Ericsson said that the deal is bound to close in the second half of this year, as reported by Bloomberg.
Bangalore: Swedish maker of telecommunication equipments, Ericsson AB has agreed to buy Microsoft Corporation’s Mediaroom business which makes software that powers AT&T’s U-Verse TV service. However, it is not known as to how much Ericsson will pay.
Mediaroom, based in Mountain View, California will help Ericsson become the largest provider of IPTV technology with over 25 percent market share. The Californian Company has over 400 employees globally and gives phone companies a way to provide cable-like TV services over phone lines. This is used in 22 million set-top boxes in 11 million households, according to Microsoft. U-Verse which accounts for 4.5 million of these homes is also used by Germany’s Deutsche Telekom and Canada’s Telus Communications.
According to Bloomberg’s report, Microsoft Corp. based in Redmond, Washington is looking forward to commit 100 percent of its focus on making its Xbox service a delivery vehicle for entertainment with regards to game consoles, PCs and Tablets.
By 2015, IPTV subscriptions are estimated to reach 105 million, expanding its revenue from $32 billion (in 2013) to $45 billion by that year. Ericsson said that the deal is bound to close in the second half of this year, as reported by Bloomberg.
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