• Subscribe
  • Advertise
    • Media Info
    • Terms & Conditions for Advertisers
    • Mechanical Data

Broadband TV News

Independent. Since 2003

  • Home
  • News Line
    • Central & East Europe
    • People
  • TV
    • On Demand/VOD
    • IPTV
    • Cable
    • Satellite
    • Terrestrial
    • Distribution
  • Business
  • Tech
  • Columns
    • Chris Dziadul
    • Julian Clover
    • Robert Briel
  • Events
    • Events Diary
    • BTN Events
    • Events Coverage
    • Submit the details of your event
  • Features
  • Resources
    • White Papers

Kudelski Group to acquire Conax for CHF200m

March 26, 2014 07.39 Europe/London By Robert Briel

conax officeThe Kudelski Group has signed a definitive agreement to acquire Conax AS from Telenor Broadcast Holding AS.

The transaction is expected to close within ten days. The net purchase price is approximately CHF200 million (NOK1,509 million or €164 million).

Headquartered in Oslo, Conax serves approximately 380 customers worldwide, representing 140 million pay-TV consumers in over 85 countries. Conax has a broad product portfolio encompassing both traditional broadcast products and complete solutions for multi-screen TV distribution.

“The Conax operation has been very successful with a strong track record of international growth and high profitability,” commented Patrik Hofbauer, SVP & CEO of Telenor Broadcast.

“However, as competition increases and new technologies emerge, achieving global scale and enhancing market share will be key determinants of future success. To support Conax and jointly pursue future growth opportunities we have evaluated that the best way forward for Conax is with a new owner, Kudelski Group is a leading security player within the industry”.

“We are very pleased to welcome the Conax team to the Kudelski Group,” said André Kudelski, chairman and CEO of the Kudelski Group. “Their geographic footprint and solution portfolio are complementary to Nagra. With this acquisition, we further expand our customer portfolio in Asia, Latin America, Eastern Europe and Scandinavia.”

Kudelski said in a statement tht Conax’s customer base will benefit from the Kudelski Group’s broad portfolio of best-in-class products, including its next-generation OpenTV5 middleware, multiscreen/OTT solutions and SmarDTV’s advanced conditional access modules.

In 2013, Conax had revenues of NOK627 million, EBITDA of NOK243 million and CAPEX of NOK44 million. The transaction is expected to be finalised in April 2014, and Telenor will report a gain of approximately NOK1.3 billion.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: Editor's Choice, Finance, Top Story Tagged With: Conax, Kudelski, Telenor Edited: 22 May 2014 09:07

Avatar photo

About Robert Briel

Arnhem-based Robert covers the Benelux, France, Germany, Austria and Switzerland as well as IPTV, web TV, connected TV and OTT. Email Robert at rbriel@broadbandtvnews.com.

Latest News

  • Warner Bros. Discovery hires Rebecca Rørmark as Head of Streaming Marketing
  • Deutsche Telekom completes sale of tower assets
  • Boom time over for content
  • Viaplay could bid for major UK sports rights
  • Netgem to withdraw from receiver market

Free Ebook

Whitepaper: Why Wi-Fi 6 is Key for ISP Success

Wi-Fi 6 and Wi-Fi 6E client devices are entering the home in an unprecedented way, surpassing 50% market share since their introduction in 2019 (compared to four years for Wi-Fi 5). … [Download the eBook...]

Q & A

Q&A with Przemyslaw Frasunek, Redge Technologies

Broadband TV News speaks with Przemyslaw Frasunek, the CEO of Redge Technologies, about the CEE region OTT landscape and the most effective video security solutions.

Broadband TV News

  • Subscribe
  • About us
  • Contacts
  • Logos & Pictures
  • Privacy Policy
  • Terms and Conditions

Advertising

  • Media Info
  • Terms & Conditions
  • Mechanical Data
  • Video Services

News

  • Latest
  • Central & East Europe
  • TV
  • Tech
  • Streaming
  • Cable
  • Satellite
  • Terrestrial
  • IPTV
  • Business
  • People

Events

  • Events Diary
  • BTN Events
  • Submit the details of your event
  • Media Meet & Greet

Broadband TV News

PO Box 499
Cambridge
United Kingdom
CB1 0AH
news@broadbandtvnews.com

Connect with Us

 

Copyright © 2023 Broadband TV News LLP · Log in

 

Loading Comments...