Ericsson Acquires Spanish IPTV Company
[12-28-07 – Satellite Today] Ericsson has acquired HyC Group, a Spanish TV consultancy and systems integrator, Ericsson announced Dec. 20.
The deal follows the April acquisition of Tandberg Television and further strengthens Ericsson’s position as a systems integrator of IPTV solutions, the company said.
"Multimedia and services, including IPTV and systems integration, are two strategic areas for Ericsson,” Hans Vestberg, executive vice president, CFO and head of global services at Ericsson, said in a statement. “I am pleased to announce this acquisition as it will strengthen our ability to support our customers in offering attractive consumer services in a fast and efficient way. HyC’s skills and experience fit perfectly with our service offerings in the TV domain and our leading systems integration offering."