Ericsson agreed to pay $95 million for Fabrix Systems,...
Ericsson agreed to pay $95 million for Fabrix Systems, a provider of video cloud storage, computing and network delivery that includes cable and telecom cloud DVRs. The deal lets video providers more quickly move customer services and applications to the…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
cloud and ensure high-quality video delivery to TV Anywhere devices, the companies said in a news release Friday (http://bit.ly/WTf4Sa). It said the deal is expected to be completed next quarter. IDT said separately that it agreed to sell its approximately 78 percent stake in Fabrix to Ericsson (http://bit.ly/YDuv2R).