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The ACCC has cleared, provisionally, the proposed deal between Optus and NBN Co under which Optus is to be paid around $800m to shut down its HFC network and transfer customers onto the NBN. read moreMore From
Cisco buys set-top box arm of DVN, plans Chinese market assault
Stuart Corner
Tuesday, 03 November 2009 05:25
Page 2 of 2
According to Cisco, the Chinese cable market has 160 million subscribers and is predicted to grow to 200 million over the next three to five years. Only about one-third of the market has converted to digital cable, but the Chinese government has mandated full digitisation by 2015 and "This represents an important long-term opportunity for Cisco," the company said.Cisco says the business will run end-to-end from China – from design, sourcing and logistics through to marketing, sales and service. "This is an important milestone for Cisco, not only in China, but for a broader strategy toward competing in emerging markets with locally designed and produced solutions," the company said.
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