Ericsson completes acquisition of Red Bee Media
Ericsson has completed its acquisition of Red Bee Media, following the deal being cleared by the Competition Commission in March. Ericsson has said that it looks forward to working with Red Bee Media's list of high-profile broadcast services customers, including the BBC, BSkyB, BT Sport, Canal Digital, Channel 4, EE, UKTV and Virgin Media. Magnus Mandersson, executive vice president and head of business unit global services at Ericsson, said: "We're very happy to welcome our new employees to Ericsson and are confident they will help to take our broadcast services business to the next level and extend our global presence. "We now have more than 5,000 employees in the UK and close to one-third of them work in broadcast services. As a result, the UK is now a major global media hub for Ericsson." 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.