NDS sells digital TV business

NDS sells digital TV businessMelanie Reynolds
NDS, the digital TV systems developer, is to focus on its software business after agreeing to sell its digital TV products business.
The £170m cash and stocks deal gives Tandberg Television, a Norwegian digital TV specialist, NDS’s Digital Broadcasting Business (DBB) division.
DBB’s work includes digital video compression encoders, multiplexers and modulation products. It places a high priority on R&D and holds over 750 patents. Its customers include the BBC, NTL, BT and BSkyB. Tandberg believes the acquisition will strengthen its position in the digital TV market.
NDS, which is owned by BSkyB parent News Corporation, will continue to work on software and systems for digital TV broadcasting and broadband Internet applications.
The areas covered include conditional access, set-top boxes, broadcast control and system integration.
Tandberg and NDS intend to bid jointly for new business and cooperate in development and production.

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