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November 4, 2009

Cisco buys set top box business

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by David Allen

Cisco Systems is buying into the set top box business by taking over the Chinese manufacturer, DVN Holdings.

This is move that will see the firm providing equipment as China heads towards switching its network to digital by 2015.

This may be over five years way, but it puts Cisco in the driving seat when it comes to providing replacement equipment.

It is believed that Cisco will be paying around $44 million for the Hong Kong based DVN Holdings, although it is not likely to front up the full amount in cash.

It is more likely to pay around $17 million, which will be followed by instalments as agreed.

China is a huge market for digital satellite and cable TV services.

Currently there are around 160 million cable subscribers and the industry is expecting around twenty million set top boxes to be shipped within China this year.

Story link: Cisco buys set top box business

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