The Government has offered Australia's three mobile operators, and vividwireless, renewal of their existing spectrum allocated on 15 year licences in the late 90s and early 2000s at set prices, while the Government expects to rake in $3 billion.
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.
Upon completion of the transaction - expected in the first half of 2010 - the DVN set-top box business will become a part of Cisco's International Cable business unit, located within the Service Provider Video Technology Group (SPVTG) at Cisco.
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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