Erricsson aims growth via multimedia division

As per an interview given to the Svenska Dagbladet newspaper, a Swedish daily, Ericsson CEO Carl-Henric Svanberg has said that he sees more acquisitions on the horizon to grow the firm's multimedia division. He said that networking equipment will continue to be Ericsson's largest business over the next five years. Recent acquisitions include a Norwegian digital broadcast systems maker and an IP messaging components company. Svanberg is quoted saying, "There will be more acquisitions on the multimedia side. We do not need to take a breath just because we have made several acquisitions." In addition, he said the Alcatel-Lucent merger has helped Ericsson with the merger of two competitors in one.