. ts File How to Open

I have this media file in .ts format..i dont know how to open it…
Secondly…i would like to know which video codec has been used.
Is it MPEG -2?
Can some1 please help me in this regard?
This is what i found after using MediaInfo tool
Format : MPEG-TS
File size : 5.74 GiB
Duration : 1h 4mn
Overall bit rate mode : Variable
Overall bit rate : 12.7 Mbps
Video
ID : 542 (0x21E)
Menu ID : 1 (0x1)
Format : MPEG Video
Format version : Version 2
Format profile : Main@High
Format settings, BVOP : Yes
Format settings, Matrix : Custom
Codec ID : 2
Duration : 1h 4mn
Bit rate mode : Variable
Bit rate : 11.7 Mbps
Maximum bit rate : 18.0 Mbps
Width : 1 920 pixels
Height : 1 080 pixels
Display aspect ratio : 16:9
Frame rate : 29.970 fps
Color space : YUV
Chroma subsampling: 4:2:0
Bit depth : 8 bits
Compression mode : Lossy
Bits/(Pixel*Frame): 0.188
Stream size : 5.28 GiB (92%)
Answer #1
vlc player will play it!!
Answer #2
http://www.afterdawn.com/guides/archive/how_to_play_ts_files.cfm