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Ericsson closes sale of majority stake in MediaKind

Monday 4 February 2019 | 09:02 CET | News
Ericsson completed the sale of a majority stake in its TV business MediaKind to One Equity Partners on 31 January. With the deal, One Equity Partners becomes MediaKind's biggest shareholder, with while Ericsson keeping a 49 49 percent stake. The divestment is expected to have a positive impact of SEK 0.4-0.6 billio on Ericsson's operating profit in the first quarter. The gain will be reported in Segment Emerging Business and Other.

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Categories: Broadcast & Satellite
Countries: World
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