Ericsson takes over Spanish IPTV consultancy HyC

Ericsson announced it had acquired HyC Group, a leading Spanish company in TV consultancy and systems integration with around 110 employees. The acquisition further strengthens Ericsson’s position in the services and multimedia domains as a systems integrator of IPTV solutions.

IPTV is a key technology for telecom operators and service providers that aims to offer interactive and personalized broadband TV services to fixed and mobile users.

The HyC acquisition follows Ericsson’s acquisition earlier this year of Tandberg Television, the world’s leading provider in advanced video compression technologies.

“Multimedia and services, including IPTV and systems integration, are two strategic areas for Ericsson,” said Hans Vestberg, Executive Vice President, Chief Financial Officer, and Head of Global Services at Ericsson.

“This acquisition will strengthen our ability to support our customers in offering attractive consumer services in a fast and efficient way. HyC’s skills and experience fit perfectly with our service offerings in the TV domain and our leading systems integration offering.”