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Ericsson To Take Over Tandberg, Aims For IPTV Infrastructure

Ericsson is set to take full control of Norwegian digital video company Tandberg Television after winning the support of over 90 percent of shareholders, in a deal that paves the way for its emergence into IPTV. Headquartered in Southampton, England, Tandberg makes compression and on-demand features for digital broadcasting. Ericsson had been courting the company since February, when CEO Carl-Henric Svanberg said IPTV would be “the biggest networked multimedia opportunity going forward”, bringing Ericsson new customers in the shape of cable and satellite operators. The deal involved a 106 kroner ($17) share offer.

Mar 26, 2007 9:51 AM ET

Posted In: Media & Publishing, TV, IPTV, Countries

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