Motorola eyeing to expand cable TV offering with new acquisition

Motorola bought privately held video technology developer Vertasent to expand its product and customer base in the cable television provider market, a Reuters report said.

 

Motorola, the world's No. 2 mobile phone maker, did not disclose the financial terms of the deal, its third acquisition of a video technology company this year, the Reuters report said.

 

Vertasent's technology is designed to help cable TV providers use their network capacity more efficiently, the report said.

 

Motorola said in July it was buying video on demand technology developer Broadbus Technologies. In January it agreed to buy Swedish set-top box maker Kreatel.

 

The Vertasent deal follows a $3.9 billion agreement to buy Symbol Technologies last week, the report said.

 

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