ITV

Tag: BarcoNet

  • Scientific-Atlanta appoints David Wheeler Australia, NZ country head

    Scientific-Atlanta appoints David Wheeler Australia, NZ country head

    Scientific Atlanta has announced that in order to increase its focus on the Asia marketplace it has named David Wheeler as country manager for Australia and New Zealand. 

    An official release informs that the strategic acquisition of BarcoNet late last year by Scientific-Atlanta offers many benefits to cable operators, programmers and broadcasters from the converged strengths of the two organizations.

    Around the world, Wheeler and other Scientific-Atlanta managers are rolling out the company’s integrated strategy of products, systems and services under the banner ‘Stronger Connections, Broader Possibilities’. 

    Wheeler, who will be based in Sydney, returns to his native Australia following previous assignments with Scientific-Atlanta in Australia, Singapore and the US. Most recently he served as senior director, marketing for Scientific-Atlanta’s Media Networks business unit – responsible for world wide marketing of the highly successful PowerVu digital video distribution system.

    Scientific-Atlanta views Australia as an advanced broadcast and cable market populated by consumers who are early adopters of new technologies and applications. 

  • Scientific-Atlanta adds BarcoNet to its stable

    Scientific-Atlanta adds BarcoNet to its stable

    Scientific-Atlanta is determined to beat the slowdown back home by making its presence felt in other markets.

    Its purchase of Belgium company BarcoNet NV is a step in this direction. BarcoNet is a leading provider of multimedia distribution solutions for broadband and broadcast applications. Focussing on internet-over-cable and other interactive digital services, BarcoNet’s customers include the world’s largest broadband operators, in cable as well as terrestrial, telecom, satellite or wireless applications.

    Scientific-Atlanta, the leading supplier of digital content distribution systems as well as transmission networks for broadband access to homes, will launch a public tender offer for the outstanding common stock of BarcoNet at a price of €5.70 per share in cash, together with all outstanding options, warrants and convertible securities, for an aggregate value of approximately US $ 154 million. The deal is expected to close next month. BarcoNet generated 98 million dollars in revenues for the year ended June 30, 2001.

    BarcoNet distributes digital television manafactures headends for integrated multimedia services as well as high-speed digital fiber optic backbones. The company brings to the Scientific-Atlanta stables extensive customer relationships, strong product portfolios and local market knowledge. In turn, it will leverage the scale that Scientific-Atlanta brings in sales, engineering and support.