the history of ericsson telecommunications for the last 4 years (2013-2017) What

ID: 433380 • Letter: T

Question

the history of ericsson telecommunications for the last 4 years (2013-2017)

What major events that had happened for the company during each year period.
(ex: joint ventures, opening in a new country, introducing a new line of business)
the history of ericsson telecommunications for the last 4 years (2013-2017)

What major events that had happened for the company during each year period.
(ex: joint ventures, opening in a new country, introducing a new line of business)
the history of ericsson telecommunications for the last 4 years (2013-2017)

(ex: joint ventures, opening in a new country, introducing a new line of business)
(ex: joint ventures, opening in a new country, introducing a new line of business)

Explanation / Answer

Ericsson Telecommunications-2013-2017

Year

Major Events

2012

Ericsson acquired US company Telecordia Technologies in January 2012 an operations and business support system company

In March, it announced the buying of broadcast service division of Technicolor-a media broadcast technology company.

In April 2012 they completed the acquisition of BelAir network a Wi-Fi network technology company

2013

“In May 2013 Ericsson divested their holdings in the power cable operations to Danish company NKT holding.”

July 2013 Ericsson announced its plan to acquire media management company Red Bee media subject to regulatory approvals.

September 2013 they completed the acquisition of Microsoft’s media room business and television services. It made them the largest provider of IPTV and multi-screen services in the world in terms of market share. It was renamed Ericsson Media room.

2014

Red bee media acquisition was completed by May 2014.

In September they acquired a majority stake in Apcera for cloud policy compliance.

2017

The Red Bee business was kept in-house but 51% stake of the media solution division was sold to one equity partner-a private equity firm.