Set-top Box

Cisco Completes $6.9 Billion Deal for Set-top Box Firm Scientific-Atlanta

Authored by Mark Hefflinger on February 27, 2006 - 10:45am.

San Jose, Calif. - Cisco Systems, the network equipment giant, said on Monday that it has completed its $6.9 billion acquisition of Scientific-Atlanta, a Georgia-based provider of digital video delivery equipment. Cisco said that the deal, first announced in November, will give it a stronger presence in the home entertainment market. Earlier this month, Cisco announced plans raise $5.5 billion in a new debt offering, with plans to use a portion of the proceeds to fund the acquisition.

Cisco to Acquire Set-top Box Maker Scientific-Atlanta for $6.9 Billion

Authored by Mark Hefflinger on November 18, 2005 - 3:33am.

Lawrenceville, Ga. - Cisco Systems, the network equipment-making powerhouse, has agreed to pay $6.9 billion in cash to acquire Scientific-Atlanta, a manufacturer of set-top boxes for digital cable and satellite TV services. Cisco said that the acquisition completes its "triple play solution for carrier networks and the digital home." "Video is emerging as the key strategic application in the service provider bundle of consumer entertainment, communication and online services," said John Chambers, CEO of Cisco Systems. Scientific-Atlanta offers transmission networks for broadband access to the home, digital interactive set-tops and subscriber systems designed for video, high-speed Internet and voice over IP (VoIP) networks. Under the acquisition terms, Cisco will pay $43 per share in cash for Scientific-Atlanta, and assume outstanding options for a total purchase price of about $6.9 billion.

tags: Scientific-Atlanta | Cisco | Set-top Box |

Pace Micro Signs Set-Top Box Deal With Comcast

Authored by Mark Hefflinger on May 31, 2005 - 5:22am.

Boca Raton, Fla. -- Pace Micro Technology, a U.K.-based designer of set-top boxes used to deliver digital TV services, announced that it has signed a three-year agreement to provide its set-tops to Comcast, the largest cable TV provider in the U.S. Under the terms, Comcast may purchase between $375 million and $550 million in Pace equipment for deployment to its subscribers, including Pace's new Tahoe HD digital video recorder set-top box. The deal also calls for Comcast and Pace to jointly fund development of next-generation cable set-top boxes and related technologies.

tags: Deals | Comcast | Pace Micro | Set-top Box |

Comcast, Motorola Sign $1 Billion Set-top Box Deal

Authored by Mark Hefflinger on March 9, 2005 - 5:09am.

Philadelphia -- Comcast, the nation's largest cable TV operator, announced on Wednesday that it has formed a tighter partnership with Motorola, including a new multi-year set-top box deployment commitment valued at over $1 billion. Under the deal, Motorola will provide Comcast subscribers with high-definition digital video recorders and other set-tops. The two companies also announced the formation of two joint ventures that will focus on the development and licensing of current and future conditional access and other cable technologies. "This is part of Comcast's continued focus on the development of industry-wide specifications for key components of set-top boxes -- including conditional access systems, interactive program guides and middleware -- that will help add consumer value and reinforce cable's position as the provider of choice for home entertainment and information," said Comcast COO Steve Burke.

tags: Deals | Comcast | Motorola | Set-top Box |

Report: Set-top Box Sales to Jump 39% to 50.3 Million Units in 2004

Authored by Mark Hefflinger on December 17, 2003 - 4:49am.

London -- Sales of digital TV set-top boxes are projected to jump 39% to a record 50.3 million units in 2004, according to research from Massachusetts-based analyst firm Strategy Analytics. This follows a strong year in 2003, with sales rising 28% over 2002's figures and a total of 36 million set-tops will be sold. Currently, set-tops for satellite TV account for 61% of total sales -- a figure that is expected to flop by 2008 when cable TV set-tops will have a 47% market share, and satellite share will fall to 37%. Prices continue to fall at around 12% each year, with the average set-top box now costing just over $200 at retail level. While strong demand for satellite set-tops in the U.S. and Europe were credited with the market's rebound in 2003, to achieve success in 2004 Strategy Analytics says manufacturers must target key growth areas such as satellite in Europe and cable in Asia-Pacific.

tags: Reports | Sales | Set-top Box | Increases |

Report: Worldwide Set-top Box Sales Revenue to Top $7 Billion by 2005

Authored by Mark Hefflinger on April 8, 2003 - 2:58am.

Las Vegas -- Worldwide growth of digital set-top boxes for cable, satellite and terrestrial TV will exceed 29.5 million new units in 2005, driving worldwide the digital video subscriber base to over 126 million and annual set-top box sales revenue to $7.34 billion, according to a report released by MRG (Multimedia Research Group) Inc. The report points to enhancements in quality and cost made in related areas like Internet Protocol (IP), Gigabit Ethernet, video servers, storage, and compression, which will propel the set-top industry by enabling emerging services like HDTV, video-on-demand and digital video recording.

tags: Reports | Set-top Box | Worldwide |