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Ericsson buys twofour54 playout business in Middle East

Ericsson 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.

Ericsson 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.

Ericsson hopes to use the acquisition as a springboard for its expansion into the region from its base in Abu Dhabi. As part of this partnership, Ericsson will establish a media hub in Abu Dhabi to provide playout services and act as the local base to leverage Ericsson’s portfolio of services.

“twofour54 is committed to the growth of the media industry across the MENA region,” said Noura Al Kaabi (pictured), CEO of twofour54. “This long-term partnership with Ericsson is another step towards achieving our goal of being the region’s leading developer of a sustainable, private sector led media industry.”

Thorsten Sauer (pictured), head of broadcast and media services at Ericsson, added: “The Middle East is an exciting, high-growth region with a strong local and international broadcaster base. As the TV industry is witnessing a massive transformation in light of the convergence between IT, media and telecoms, Ericsson is helping broadcasters to overcome the challenges of this transformation and the fierce competition that exists in the rapidly changing TV market. The partnership with twofour54 is an important milestone in our ambition to provide industry-leading media services in this dynamic region.”

Ericsson will work closely with twofour54 to develop media services and professionals in Abu Dhabi. Young Emirati nationals will be encouraged to undertake internships, participate in training courses and will also have access to employment opportunities.

twofour54 is a media and entertainment hub in the MENA region, aiming to nurture the development of creative industries in the region through supporting talent, content development, and young entrepreneurs.

www.ericsson.com
www.twofour54.com

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