EchoStar Becomes NAGRA Shareholder
[Via Satellite 04-03-2015] EchoStar Corporation has taken a stake in Kudelski subsidiary SmarDTV, which specializes in advanced Set-Top Boxes (STBs) and conditional access modules. The two companies will conduct joint commercial activities, leveraging SmartDTV’s Nagra, Conax and OpenTV background and EchoStar’s technical expertise to serve the broadcasting and broadband markets.
The transaction includes the transfer of EchoStar’s Steeton, U.K. and Madrid, Spain operations to SmartDTV.
“Partnering with Kudelski will allow both companies to expand our global reach and open up new business opportunities,” said Mark Jackson, president of EchoStar Technologies. “The EchoStar brand will further develop its strong global presence, expanding our video and broadcast solutions with new international initiatives.”