Ericsson Strengthens Focus on Innovation and Makes Changes to Executive Team

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Go back to Ericsson Strengthens Focus on Innovation and Makes Changes to Executive Team

Ericsson (ERIC) Says One Equity Partners Will Be New Majority Owner in Media Solutions, Ericsson to Retain 49% of Shares

January 31, 2018 6:43 AM EST

Ericsson (NASDAQ: ERIC) has concluded the review of strategic opportunities for its Media business Media Solutions and Red Bee Media which was initiated in conjunction with the announcement of the company's focused business strategy on March 28, 2017. In the review, Ericsson has evaluated different opportunities for both units, including partnerships, divestments, and a continued in-house development, based on what generates the best long-term value for Ericsson.

As a first step in assessing strategic opportunities, Ericsson has implemented substantial performance improvement programs while continuing to invest in the respective business. Both units have made significant... More