Motorola Buys IPTV Set-Top Box Company Kreatel

Motorola is buying IPTV set-top box manufacturer, Sweden’s Kreatel to add European, and will add customers such as Telefonica SA and TeliaSonera AB.

Kreatel’s set-top boxes allow phone and cable companies to offer broadcast TV, VOD and other services over Internet networks. Terms weren’t disclosed, but the price received by one investor values Kreatel at $105.6 million.

Motorola competes against Scientific-Atlanta, which was bought out by Cisco late last year for $6.9 billion to tap into the growing market for Internet TV.

More details in the release

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