iWorld

UK's Tandberg TV to acquire IPTV solutions provider for $78.5 million

MUMBAI: UK-based Tandberg Television has announced that it has signed a definitive agreement to acquire US based GoldPocket Interactive, Inc. (GPI) for a total consideration of $78.5 million. GPI provides open-standards interactive television technology, solutions and systems.

Under the terms of the agreement, Tandberg Television will acquire privately-held GPI for a mix of cash and Tandberg Television shares. The transaction is expected to close in December 2005, states an official release.

The combined resources of the two companies will broaden Tandberg Television's market offering and enable it to continue to build its high margin software business. Earlier this year, Tandberg Television completed the acquisition of N2 Broadband, North America's leading provider of open platform on-demand solutions. With today's announcement, the combined company is strongly positioned to lead the new television era by providing network operators with the highest quality digital TV solutions including HDTV, video on demand, advertising on-demand, IPTV, and interactive TV applications, all of which are designed to maximize consumer appeal and generate increased return on network investment, the release adds.

GPI develops and sells products and services that create, manage, and deliver digital and interactive media. The company specialises in high performance interactive television systems used across digital television, the internet, and wireless/mobile networks. GPI serves many of the world's largest media companies, cable and satellite operators, and wireless carriers through five major business lines: Interactive Television, Cable & Satellite, Wireless, Digital Media Security, and Interactive Advertising.

The acquisition propels Tandberg Television up the media value chain and extends the company's position as a revenue generating partner to operators, content owners and advertisers, as well as a key provider of digital infrastructure technologies for the critical network delivery phase.

"The acquisition of GoldPocket will enable us to significantly expand our presence within existing and new customers. We already have numerous common customers with GPI in the North American market, such as DIRECTV, FOX, NBC, News Corporation and Time Warner. Our traditional relationships are with engineering/technology management who make critical decisions regarding network architectures. The addition of GPI's interactive technology and tools will bring us into the content core where we can assist our customers in deploying interactive applications that have a direct impact on their revenues and consumer appeal," says Tandberg Television president & CEO Eric Cooney.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/20/zee.jpg?itok=jwDlbLZo
ZEEL enters into content partnership with Airtel

Days after Bharti Airtel (Airtel) decided to cut ties with Reliance Hip, it has entered into a content partnership with ZEE Entertainment Enterprises Ltd (ZEEL).

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/20/ALTBalaji_original.jpg?itok=OJ7UMD0V
70-80% of ALTBalaji traffic from telco tie-ups: Sunil Lulla

Balaji Telefilms recently posted Q1 result where the TV business revenue remained flat while the digital venture ALTBalaji showed impressive result by acquiring 2.1 million new paid users excluding Reliance Jio platform users.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/18/CDN.jpg?itok=NQ6xLDeO
Urban-rural internet experience gap needs bridging: Gaurav Malik

The digital savvy generation not only yearns for good content but also a seamless viewing experience. A few seconds of latency or buffering can push the user to switch to other platforms. Thus media companies, especially OTT platforms, are integrating with content delivery networks (CDN), content...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/18/Airtel_Telenor.jpg?itok=f6rKpPLr
Airtel-Telenor to expand home broadband to 2 mn

Airtel’s acquisition of Telenor will provide the broadband business a boost. As India is an under-served market in broadband, the company is planning to expand its home pass footprint to 2 million in FY19.

iWorld Broadband
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/17/zee5.jpg?itok=d_UVE_B0
ZEE5 launches Lockdown with Badshah, Kailash Kher, Raftaar, Jonita Gandhi and many more

ZEE5, India’s largest and most comprehensive digitalentertainment platform for language content, today launchedLockdown – a path-breaking concept in collaboration with renowned rapper and composerBadshah.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/17/JIO_4G.jpg?itok=5kFd_t5k
Broadband on cable fibre declining?

Is broadband on cable fibre on the decline in India? Results over the past few quarters of some of the multisystem operators or MSOs seem to indicate just that. Mukesh Dhirubhai Ambani’s largest start up in the world Reliance Jio Infocom Ltd (JIO) is the one of the biggest upheavals that has...

iWorld Broadband
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/16/netflix.jpg?itok=Q-ezEpg3
India’s ranking falls in latest Netflix ISP speed index

The streaming giant releases a monthly update on which ISPs provide the best primetime Netflix streaming experience.

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/16/MX_Player_800.jpg?itok=abnyc8JG
MX Player's content play for OTT platform launch

In the last two years, India’s media and entertainment industry has witnessed the emergence of several over-the-top (OTT) players. With an ambition to gain a foothold in the burgeoning OTT space, Times Internet recently acquired a majority stake in Seoul-based MX Player. While the company is yet...

iWorld Over The Top Services
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/15/Amazon_India.jpg?itok=YdqHxAe_
Amazon scaling up investment for Indian marketplace biz

E-commerce giant Amazon has invested additional Rs 2,700 crore for its Indian marketplace unit at a time when it continues to battle its local rival Flipkart along with investing about Rs 100 crore for food retail business in India, according to a report from Mint.

iWorld e-commerce

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories