Europe's antitrust watchdog on Tuesday approved the acquisition of NDS by Cisco.
Europe's antitrust watchdog on Tuesday approved the acquisition of NDS by Cisco Systems.
The European Commission said that Cisco's takeover of U.K.-based NDS, which provides technology and software to the pay-TV sector, would not create a competition problems. The merged entity would continue to face competition from a number of strong competitors and customers, namely pay-TV providers, would continue to have alternative suppliers in all markets concerned, the Commission said.
BACKGROUND: Cisco pays $5 billion for video company
The Commission's investigation took into account the provision of hardware components, such as set-top-boxes (STBs) and software components such as Conditional Access Systems (CAS), Digital Rights Management (DRM) software, digital video recording (DVR), electronic program guides (EPG) and content management systems.
Cisco develops and sells a broad range of networking, communications, storage and security products and services. NDS supplies digital technology and services to pay-TV service providers and content providers. It also offers solutions for satellite, cable, terrestrial, IPTV, mobile devices and hybrid TV systems.