Ericsson is planning to acquire the UK-based media services company - Red Bee Media. The media services company is owned by Macquarie Advanced Investment Partners, L.P.

The acquisition, which is subject to regulatory approval, is expected to support Ericsson’s strategy to strengthen its presence in the broadcast services market and help broadcasters and content owners address the convergence of video and mobility.

In case the deal goes through, the acquisition will provide Ericsson access to 1,500 highly-skilled employees, as well as media services and operation facilities in the UK, France, Germany, Spain and Australia. The development is expected to strengthen Ericsson's broadcast services business, which was launched in 2007 and expanded in 2012 with the acquisition of Technicolor’s Broadcast Services Division.