IPTV News

Improving the Backbone with Dual Redundant SIP Service by Ian Colville

Home

Pace to Acquire 2Wire, Consolidating STB Market
Pace, a leading global supplier of set-top boxes for satellite, cable, IPTV and terrestrial platforms, agreed to acquire 2Wire for $475 million in cash. The consideration includes 2Wire's balance sheet cash at closing, expected to be approximately $55 million.

2Wire supplies residential gateways and multi-service IPTV STBs. The company's key customers include AT&T for its U-verse rollout, as well as Bell Canada, Telmex, BT, SingTel, and others. 2Wire, which is based in San Jose, California, is currently owned by a consortium of strategic and financial investors including Alcatel-Lucent, AT&T, Telmex, Oak Investment Partners, Meritech Capital Partners, and Technology Crossover Ventures.

Following the completion of the acquisition, Pace, already the number one global digital set-top box company, would also become the number one provider of telco residential gateway devices in the US and the number three provider globally.

"This acquisition will strengthen our Americas business, extending Pace's US market coverage with entry into the tier one telco market. We have built a strong position in the US with cable and satellite operators and 2Wire, with its expertise in the broadband residential gateway market, will enable us to address a full range of US operator requirements. 2Wire's software and gateway expertise will further drive development of our home entertainment convergence strategy. The transaction introduces deep client relationships with important customers including AT&T and further develops our platform to deliver ongoing sustainable growth," stated Neil Gaydon, Chief Executive Officer of Pace.

Pace is based in Saltaire, West Yorkshire, UK and employs over 1,000 people in locations around the world.
http://www.pace.com
http://www.2wire.com
26-Jul-10

2Wire was founded in 1998 by former members of PictureTel and Polycom.

As of 2010, 2Wire has shipped more than 30 million intelligent gateways.

	BT's Openreach to Test Fibre Nomination Scheme	9/6/2010
	AT&T Extends Uverse with Pair Bonding, Vectoring	9/3/2010
	Singapore's M1 Offers 1 Gbps Residential Service	8/31/2010
	SingTel Launches Services over NGNBN Fibre	8/31/2010
	Singapore's Next Gen Nationwide Broadband Network Launches	8/31/2010
	Motorola Tunes its Remote Mgt for Multi-Screen Digital Homes	8/31/2010
	Verizon Boosts DSL to 10-15 Mbps Downstream	8/30/2010
	The Australian: Doubts over National FTTP	8/30/2010
	BT Confirms Selection of Huawei for Next Gen Access	8/26/2010
	Occam Supplies Multiservice Access in Indiana	8/25/2010
	NTELOS Selects ADTRAN for FTTH	8/24/2010
	Australia's NBN Hangs in the Balance	8/23/2010
	Lantiq Samples 65nm VDSL2 CO Chipset with Line Bonding	8/23/2010
	WildBlue Wins $19M Grant for Rural Satellite Broadband	8/19/2010
	North Carolina's Golden LEAF Gains $140 Million in Funding	8/18/2010
	PacketFront Employs Mindspeed Processor for Gigabit-to-the Home CPE	8/18/2010
	Korea's CJ HelloVision Picks Arris for DOCSIS 3.0	8/17/2010
	Verizon Tests Gigabit Ethernet Service on FiOS	8/16/2010
	PMC-Sierra Collaborates with Incognito Software on FTTx for MSOs	8/16/2010
	Orange's Internet-TV-Phone + Mobile offer in France	8/12/2010
	ADTRAN Supplies its Total Access 5000 in Maine	8/9/2010
	Orckit-Corrigent Gains TSEC for GPON in India	8/9/2010
	Ohio's Wabash Mutual Selects Occam in Broadband Stimulus Project	8/3/2010
	Great Plains Comm. Selects ADTRAN Total Access 5000	8/2/2010
	Huawei and Silicon Vendors Complete DSL Retransmission Test	7/27/2010

> More news...

Search
this site

Search
the Web

Get Your Column Published

	Improving the Backbone with Dual Redundant SIP Service by Ian Colville
	Emergency Response and Wireless Location Systems by Manlio Allegra
	Interview: NSN's Sue Spradley on LightSquared's Wholesale Mobile Data Paradigm by Sue Spradley
	Mobile Backhaul Transition Requires New Testing by Joe Zeto
	Cybersecurity Requires Public/Private Coalition by Greg Oslan
	A Rethinking of Cloud Services and Network Architecture by Jim Theodoras