Ericsson Concludes Strategic Review of Media Solutions and Red Bee Media
Summary
As a first step in assessing strategic opportunities, Ericsson has implemented substantial performance improvement programs while continuing to invest in the respective business. This structure will establish Media Solutions as a leading independent video technology company with strong and committed financial support driving continued investment in innovation and growth. Media Solutions employees and contractors, as well as specified assets and liabilities, will transfer to the new company upon closing. For media kits, backgrounders and high-resolution photos, please visit www.ericsson.com/press Ericsson is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of more than 111,000 experts who provide customers in 180 countries with innovative solutions and services.
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