Technicolor announced that it has closed its $600 million acquisition of Cisco's CPE unit, Cisco Connected Devices.
Cisco reported overall profits that were better than some analysts expected during its most recent quarter, but the company's financial expectations for the coming months were below forecasts. And the company's CPE business-- which Cisco is in the process of selling to Technicolor-- reported a 14 percent slowdown in its revenues to $411 million.
Despite its move to sell its customer premises equipment (CPE) division to French media technology conglomerate Technicolor in a deal announced last week, don't think of Cisco as leaving the video business.
Cisco's new CEO Chuck Robbins is wasting no time making his impression on the company by selling off its set-top box business to French media technology conglomerate Technicolor and realigning the company's Internet of Everything and cloud activities.
French media technology conglomerate Technicolor has agreed to purchase Cisco's customer premises equipment (CPE) division for $602 million, a move delivers a second burst of consolidation to the fast-declining pay-TV set-top industry.
The set-top box may be the hub of the pay-TV consumer's living room, but it's clear that a number of factors such as cloud-based platforms and a consolidating industry is taking its toll on the industry segment.
In the wake of FCC rules that require TV programs, movies, and clips to have closed captions even in the online video space, OTT providers are scrambling to make sure their online catalogs are captioned. Can startups do it better than established caption providers?
Huawei broke further away from the broadband CPE pack in Q1 2013 as revenues rose 26 percent, according to a new Infonetics report. Much of Huawei's broadband CPE revenue came from its service provider customers in China, Singapore and Malaysia.
France's Technicolor and chip vendor Entropic said they are teaming up to build a thin client set-top that is based on Comcast's Reference Design Kit software.
Set-top vendors Arris, Pace and Technicolor are among potential bidders for Motorola Mobility's set-top division, The Wall Street Journal reported Friday.