TITLE

Tandberg gooses investment in IPTV

PUB. DATE
March 2006
SOURCE
CED;Mar2006, Vol. 32 Issue 3, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Tandberg Television has agreed to buy Internet Protocol Television (IPTV) video distribution specialist SkyStream Networks Inc. for $80 million in cash and stock. This deal marks the third acquisition by Tandberg during the last 12 months, having already bought N2 Broadband Inc. and GoldPocket Interactive Inc. This latest purchase will further Tandberg's position in the IPTV sector. The company, employs about 100 people and counts about 300 customers worldwide. In 2005 it recorded revenues of $30.7 million, up 43 percent from its 2004 totals.
ACCESSION #
20475287

 

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