ADB says that its convergence strategy is paying off with nine customers now opting for the technology provider’s Carbo interface. The cable division remains the group’s largest business segment, contributing 35% of 2010’s $356.6 million revenue.
The company won five new customers during 2010: CableTel (Bulgaria), Canal Digital (Norway), Telecom Italia (Italy), First Media (Indonesia), and TSTT (Trinidad & Tobago) with further clients added as a result of the Pirelli Broadband Solutions (now ADB Broadband) acquisition.
“We are thrilled to see our convergence strategy accelerating rapidly now,” said Francois Pogodalla, CEO, ADB SA. “We already have our Virtual Gateway – the advanced software solution that distributes seamlessly any multimedia content throughout the household. Now we can also add the residential gateways with their connectivity software and create new end-to-end solutions for the operators. This gives us a fantastic platform to build on.”
IPTV grew its share of the business from 19% in 2009 to 26% in 2010. Satellite business continued at the same level as last year, accounting for 29% of the Group revenue as in 2009. Terrestrial – including the i-CAN brand launched in the UK’s Freeview HD market – remained low on 5%, through up from 1% in 2009.
Group profits of $12,906,888 were down from $15,250,640 in 2009, in part due to the Pirelli purchase, which was made from in-house resources.