Cisco likely to gain EU approval for $5bln purchase of NDSJuly 13, 2012 - 20:23 AMT PanARMENIAN.Net - U.S. network equipment maker Cisco is expected to gain unconditional EU approval for its $5 billion purchase of TV software developer NDS after regulators indicated the deal would not pose any serious competition concerns, Reuters reported citing a person familiar with the matter. The NDS acquisition will be Cisco's biggest deal and comes after its $3.3 billion purchase of Norwegian conferencing company Tandberg in 2009. NDS is 51 percent owned by private equity fund Permira and the rest by News Corp. "At this point, the Commission has not expressed any serious concerns on any particular issues to the parties," said the person, who declined to be named because of the sensitivity of the matter. The European Commission has set a July 23 deadline for a decision. The purchase of NDS will extend Cisco's presence in emerging markets such as China, where CCTV is an NDS customer, and India where TataSky is also a client. NDS' other users include BSkyB and Sky Italia in Europe, and Cablevision Systems Corp, Comcast Corp and Rogers Communications Inc. in North America. NDS' software allows cable and satellite TV companies to deliver encrypted content through televisions and other devices. Cisco's core business is routers and switches that manage Internet traffic. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | International cybercrime ringleaders arrested in Armenia, Ukraine Europol, Europe's crime agency, has arrested four ringleaders of several cybercrime networks that used botnets. Armenia skips CSTO Defense Ministers meeting A meeting of the Council of Defense Ministers of the Collective Security Treaty Organization countries began in Almaty. Armenian, Iranian foreigh policy chief talk over the phone The Foreign Minister of Armenia once again expressed condolences to his counterpart on the death of the President of Iran. Armenia, U.S. customs authorities to boost assistance with new deal The government has approved an agreement with the U.S. government on mutual assistance between the customs authorities. |