Ericsson partners with twofour54 to grow playout services in the Middle East .

Ericsson (NASDAQ:ERIC) has strengthened its partnership with twofour54, the commercial arm of the Media Zone Authority – Abu Dhabi, through the acquisition of its current playout business, initially providing playout services for nine different channels.

The agreement, which comes as part of a long-term partnership, recognizes the important role of the private sector in supporting twofour54 in building Abu Dhabi’s media industry ecosystem. For Ericsson, the acquisition provides an ideal springboard for its expansion into the region from its base in Abu Dhabi.

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Ericsson Corporate Communications
Phone: +46 10 719 69 92
Email: media.relations@ericsson.com

Ericsson Investor Relations
Phone: +46 10 719 00 00
Email: investor.relations@ericsson.com