The closure follows reports in early August that a deal was set to go through, and Ericsson now claims to be the largest and most experienced provider of IPTV technology.
Mediaroom is reportedly the most deployed IPTV platform globally – with a market share of around 25% – and the TV services it powers are offered by around 60 leading global operators.
“This acquisition places us even more securely at the heart of an exciting and highly innovative industry,” said Per Borgklint, SVP and head of business unit support solutions at Ericsson.
“IPTV providers are expected to grow by more than 18% each year to reach 105 million subscribers and revenue of $45 billion by 2015.
Based in Mountain View, California, Mediaroom brings to Ericsson a 400-strong team with notable experience in the development and delivery of IPTV services.
The business unit will be integrated into the Ericsson group and will be known as Ericsson Mediaroom as of today.
