Vyyo agreed to acquire substantially all of the shares of Xtend Networks for approximately $19.6 million. Xtend, headquartered in Tel-Aviv, Israel with operations in Atlanta, Georgia, provides broadband solutions that increase the bandwidth of existing last-mile cable TV networks. Its product line includes multiplexing devices, broadband amplifiers, splitters and CPE devices that enable extension of the usable spectrum of coaxial cable from a current maximum of 860 MHz to up to 3 GHz. The companies said this boost of up to approximately 300% can provide transmission of extremely high throughput of data and multimedia. Xtend's open architecture complies with existing and future standards such as DOCSIS, DVB-C, DVB-S and Fast and Gigabit Ethernet.
Vyyo offers wireless broadband solutions and is based in Palo Alto, California.www.vyyo.com
Sunday, May 16, 2004
Vyyo to Acquire Xtend Networks
Sunday, May 16, 2004
Financial