Ericsson said it expected to close the deal for the business, which employs more than 400 people worldwide, during the second half of 2013. It did not disclose a purchase price. The price tag has not been announced but apparently it is between $99 abd $234 million,
Ericsson said the deal would make the company, already the world's biggest mobile networks maker, the leading provider of IPTV with a 25 percent market share. Microsoft said the Mediaroom platform was offered by more than 40 operators and powered 22 million set-top boxes around the world.
The Mediaroom platform is the TV technology used by television service providers such as AT&T, Deutsche Telekom, Telefonica and Swisscom, Ericsson said.