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Euronews: Ericsson Buys Media Services Firm

Ericsson AB, Nokia Corp., Nokia Siemens Networks, Telefónica Digital, Monitise and Alcatel-Lucent start the week in today's sprint through the EMEA headlines.

  • Ericsson is to acquire Red Bee Media, a U.K.-based media services company, adding 1,500 employees to its headcount. Financial details were not disclosed. Red Bee Media provides a broad range of media asset management services to broadcasters, video producers and IPTV service providers, including BT Group plc. The acquisition is the latest move by Ericsson to enhance its role in the broadcast services sector. (See Ericsson to Buy Red Bee Media

  • Nokia has put an end to months of speculation by announcing that it plans to acquire Siemens AG's 50 percent stake in the Nokia Siemens Networks joint venture for €1.7 billion (US$2.22 billion). The management team will initially remain the same, but a new name is in the offing, apparently. (For the full story, see Nokia to Take Full Control of NSN.)

  • And on the subject of NSN, Saudi Arabia's Etihad Etisalat Co. (Mobily) is to put $325 million the vendor's way for an upgrade of its 2G, 3G and 4G networks over the next 18 months.

  • Telefónica Digital has chosen Monitise as its preferred mobile money technology partner. Monitise will take a "lead role in the development of a global technology platform to support payment and mobile commerce services," working alongside Telefónica Digital's existing mobile money partners.

  • Alcatel-Lucent has completed an IP/MPLS-based mobile backhaul revamp for Ukrainian operator Intertelecom, to help it cope with increasing demands on bandwidth.

  • TeliaSonera AB is claiming that it has achieved the best 4G country coverage in Europe with its 95 percent footprint (in land area terms) in the Baltic state of Estonia, through its EMT mobile subsidiary.

  • As from today, it's official: France Telecom is now Orange, pure and simple and undeniably fruity. We thought about shoehorning in a gag about market segments and such, but that would be taking the pith. (See Its Name is Orange!)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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