Ericsson bids $1.4 billion for Norwegian TV company
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(InfoWorld) - In a move to beef up its expertise in Internet-based TV technology, Sweden's Telefonaktiebolaget LM Ericsson has made an unsolicited offer to acquire Tandberg Television of Norway. Ericsson offered to pay 9.8 billion Swedish kroner ($1.4 billion) in cash for Tandberg in a deal announced Monday, topping an earlier bid by Arris GroupÂ of Atlanta, Georgia. Ericsson is one of several vendors vying to sell IPTV (Internet Protocol television) equipment to cable and telecom companies, allowing them to offer interactive TV broadcasts, video-on-demand and other multimedia services to the home over broadband connections. Telecom operators are particularly keen to roll out IPTV service to generate new revenue, as their circuit-switched telephone business is eclipsed by low-cost VOIP (voice over IP) service. Tandberg sells video encoding and compression equipment, with an emphasis on MPEG-4, as well as products for delivering interactive and on-demand video. It employs around 870 people, including about 370 video and software engineers. Tandberg described Ericsson's bid as unsolicited and said it would review the offer before commenting. In January, it agreed to be acquired by Arris for 96 Norwegian kronor ($15.69) per share -- 10 kronor less than Monday's offer by Ericsson.
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Ericsson ERICb.ST said on Thursday   it had won a contract from Taiwan's FarEasTone 4904.TW to   upgrade its 3G network and provide technology for multimedia   offerings such as music and video on phones.
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TORONTO (CP) - Topping a $1.1-billion bid from Telus Corp., Rogers Wireless Communications Inc. is offering $1.4 billion for cellphone rival Microcell Telecommunications, known for its Fido brand.
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Norwegian broadcaster NRK and Swedish wireless equipment maker LM Ericsson AB on Wednesday announced what they called the world's first test of customized advertising for mobile phone television.
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Wireless equipment maker LM Ericsson said Monday it has received a contract worth about $150 million US (122.4 million euros ) from Shandong Mobile Communication Co.
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Ericsson  Chief Executive Carl-Henric Svanberg said on Friday the Swedish firm would eye any assets put up for sale by U.S. rival Motorola Inc , but would be "very cautious" about any deal.
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Telecoms network firm Ericsson  (ERICb.ST) on Sunday signed a framework agreement to provide $1  billion worth of networking equipment to China Mobile  Communications Corp.
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Nasdaq, the US firm which tried to buy the London Stock Exchange, offers to take over a Swedish rival for $3.7bn.
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Expand successful partnership Sony and Ericsson are to expand their partnership beyond cell phones to provide mobile television and broadband services.â¦
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The telecommunications equipment maker Ericsson offered 9.8 billion crowns ($1.4 billion) for Tandberg Television of Norway, topping an earlier bid from the Arris Group. Ericsson, which is based in Stockholm, said it was bidding 106 Norwegian kroner ($17.23) for each Tandberg share. The offer is 10.4 percent above the 96 kroner offered by Arris, a communications technology company based in the United States, Ericsson said. Tandberg, which is based in Lysaker, offers a range of video and TV services over the Internet.
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InfoWorld - Nokia has offered to buy Trolltech, the Norwegian developer of a widely used application framework, for 844 million Norwegian kroner ($153 million) in cash. Nokia hopes the Trolltech development team will give its own software efforts a boost.
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Ericsson (NASDAQ: ERIC) today signed a GSM expansion framework agreement with China Mobile, valued at about USD 1 billion, at a ceremony in Sweden attended by Chinese President Hu Jintao.
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A bidder on Thursday offered $4.71  billion for a key piece of wireless airwaves being auctioned by  the U.S. government, surpassing a minimum bid requirement and  triggering a condition that the spectrum be accessible to any  device or software application.
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Microsoft has offered to buy Norwegian Internet-search software firm Fast Search & Transfer for about $1.2 billion.
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Finnish-Swedish telecommunications group TeliaSonera revealed on Wednesday a plan to buy back 1.1 billion euros worth of shares.
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Microsoft Corp has offered to buy Norwegian Internet-search software firm Fast Search & Transfer for 19 crowns per share, valuing the company at about $1.2 billion, the companies said on Tuesday.
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ENDESA (NYSE:ELE) has reached a deal to sell Ericsson Spain 100% of its wholly owned subsidiary Enditel Ingenieria for Euro 4.7 million.