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Ericsson hires banks to sell media business - report

2017-06-21 13:10:00| Telecompaper Headlines

(Telecompaper) Ericsson has hired banks to explore a sale of its media business, people with knowledge of the matter told Bloomberg. Ericsson is working with Morgan Stanley to consider a sale of its media solutions business, and the company hired Goldman Sachs to find a buyer for its broadcast and media services unit, the report said. The businesses have reportedly attracted interest from private equity firms as well as technology and media companies.

Tags: business report media sell

Category:Telecommunications

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