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Ericsson to buy Microsoft IPTV business
Tuesday, 09 April 2013Swedish telecom equipment maker Ericsson announced yesterday that has reached an agreement with Microsoft (NASDAQ:MSFT) to acquire its TV solution Mediaroom business.
This will make Ericsson the leading provider of IPTV and multi-screen solutions with a market share of over 25%. Closing expected during the second half of 2013. Mediaroom is situated in Mountain View, California and employs more than 400 people worldwide.
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