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Pace acquires Philips set-top box business

January 18th, 2008 · No Comments

Pioneering cable and satellite set-top box maker Pace is to acquire Philips’ set-top box business. The Philips division, which supplies British Telecom with its BT Vision V-box, has been bought in a cash and shares deal said to be worth 68 million pounds. The new group says it will produce around 8.5 million set-top boxes per annum for the global market.

Tags: Broadcasting · Corporate · Internet and networking · Trade

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