Expect More Multimedia Investments Says Ericsson CEOWirelessWeek writes…Carl-Henric Svanberg, CEO of Ericsson, told Sweden’s newspaper Svenska Dagbladet today that he expects to make more acquisitions over the next five years to boost the company’s multimedia arm, though network equipment would remain the company’s largest business. “There will be more acquisitions on the multimedia side. We do not need to take a breath just because we have made several acquisitions,” he told the paper.
Ericsson recently bought Norwegian digital broadcast systems maker Tandberg Television and IP messaging components company Mobeon as part of its plan to build up its multimedia division.
He said Ericsson’s recent acquisitions were helping it catch up with competitor Alcatel-Lucent in television and fixed networks and that his company was benefiting from the merger of the two competitors into one firm.
