Cisco sells set-top box business to TechnicolorJuly 23, 2015 - 18:09 AMT PanARMENIAN.Net - After ten years of making networked set-top boxes, Cisco Systems plans to quit the business, selling its Connected Devices division to French firm Technicolor, the companies said Thursday, July 23, according to PCWorld. Although Cisco will stop making video customer premises equipment for service providers, it will continue to develop software and cloud services to help telcos deliver IPTV and other video services to their customers, Cisco’s business development director Hilton Romanski wrote in a blog post. The companies plan to collaborate on developing video products for service providers, he wrote, and that collaboration will include Romanski taking a seat on Technicolor’s board. Technicolor is already a major player in this market, but acquiring Cisco’s video CPE business will double its revenue in the segment to around €3 billion, it said. That revenue will come from shipping around 60 million set-top boxes and home gateways each year, building on an installed base of about 290 million set-top-boxes and 185 million gateways, it said. The companies expect to close the sale, for €550 million ($600 million) in cash and stock, by the end of January. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |