Cisco to acquire Scientific Atlanta

Nov 18, 2005

Cisco Systems is acquiring video-equipment supplier Scientific Atlanta in a stock transaction worth just under $7 billion. The companies said Friday the deal creates an "end-to-end triple play solution" for carrier networks.

Cisco CEO John Chambers said in a news release that the move was in response to growing consumer demand for bundled triple-play voice, data and, in particular, video services.

"Video is emerging as the key strategic application in the service provider triple play bundle of consumer entertainment, communication and online services," said Chambers. "The combination of Cisco and Scientific-Atlanta brings unmatched experience and innovation in delivering large scale video systems and networks."

Scientific Atlanta is a venerable provider of end-to-end video distribution networks and set-top boxes.

Under the terms of the agreement, Cisco will pay $43 for each share of Scientific Atlanta. The deal is expected to close in the third quarter of 2006 assuming approval by shareholders and anti-trust regulators.

Copyright 2005 by United Press International

Explore further: Periscope streaming app spreads to Android smartphones

Related Stories

Wireless, cable companies can't rest on their networks

Apr 17, 2013

Think of your car as a smartphone on four wheels. Or your smartphone as a wallet. Or your home as a connected network center where thermostats, video cameras, lights and televisions all "talk" to each other. That "talking" ...

Cisco to buy video tech company NDS for about $4B

Mar 15, 2012

(AP) -- Cisco Systems Inc. is buying digital video technology company NDS Group Ltd. for about $4 billion to enhance its video offerings to pay-TV providers and expand in emerging markets.

Flu overhyped? Some say officials 'cried swine'

May 07, 2009

(AP) -- Did government health officials "cry swine" when they sounded the alarm on what looked like a threatening new flu? The so-far mild swine flu outbreak has many people saying all the talk about a devastating ...

The Cisco bid: To branch out while others retrench

Apr 05, 2009

(AP) -- On the surface, there doesn't seem to be much of a connection between the servers that run corporate data centers and a handheld video camera you use to film family vacations. Yet both have somehow become part of ...

Recommended for you

Recharging in private

34 minutes ago

An electronic payment system developed in Singapore will protect the privacy of customers recharging their electric vehicles.

Germany auctions off new mobile phone frequencies

1 hour ago

Germany on Wednesday started an auction of frequencies for mobile phone operators, pledging that users will soon enjoy nationwide super-fast 4G coverage without "black holes" in rural areas.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.