Kudelski has reported a first half loss of $36.5 million (€32,701,000), including $28 million of restructuring costs, after a decline in its digital TV business.
While digital TV remain resilient in advanced economies there was a decline in the emerging markets often served by its Conax division. The company said that income from Conax had seen a “material decrease”.
Its IP licensing business was also a “fraction” of the previous half years.
As previously reported in Broadband TV News, the Group has now integrated its Conax and Nagra organisations. Kudelski says this has resulted in a stronger product portfolio while maintaining each brand’s specific focus.
On Tuesday it was announced SmarDTV’s Conditional Access Module and Set-Top Box businesses are to be transferred to SmarDTV Global, a newly set up entity affiliated with Neotion.
The transaction will be accounted for in the second half of 2018.
Nagra has been working with Vodafone to integrate NAGRA’s security solutions into the Vodafone Group TV architecture, which is being deployed across several operating companies. Telefonica Spain, another key Nagra customer, launched a new 4K IPTV set-top box that includes Nagra’s latest Conditional Access technology, Connect. In Africa, the Nagra Protect cardless conditional access secures the new HD premium channels launched by Canal+ International in Africa.
