Ericsson Plans To Bolster Its Broadcast & Media Unit With FYI Acquisition

With this acquisition, Ericsson plans to leverage FYI's expertise in content distribution and data scheduling for over 9,000 TV networks to bolster its Line Broadcast & Media Services - which is a part of its Global Services unit that accounts for around 30% of the company's value according to our estimates. According to research by Ericsson, almost half of viewers across devices are not satisfied with the available content despite the consistently increasing range of TV and video services. Eric...