Ericsson completes sale of MediaKind

STOCKHOLM – Ericsson has closed the sale of the majority stake of its MediaKind business to private equity firm One Equity Partners, a year after it first announced the sale.One Equity Partners is now the majority owner, with Ericsson holding 49% of the shares after the transaction on January 31, 2019.In Canada, Bell Canada (Fibe TV), Telus (Optik), SaskTel (maxTV) all use the technology for their TV services, and Cogeco Connexion will also soon offer it to its cable customers.“In partnering with One Equity Partners, MediaKind is established as a leading independent video technology company with strong and committed financial support,”...