Set-top box maker Pace sees margins going up

Set-top box maker Pace, not a part of the FCC's targeted U.S. set-top duopoly but a major player internationally nevertheless, has "continued to develop [their] strategy to be at the heart of the home entertainment convergence for the pay TV industry," said Chairman Mike McTighe in a statement commenting on the company's financial position.

Pace's acquisition of Paris-based IP and cable gateways specialist Bewan has had a positive impact, said McTighe, who predicted "mid single digit revenue growth" as gross margins also increase. "We entered 2010 in a strong operating and financial position with our pay TV markets continuing to be positive and with good demand for the group's products."

For more:
- see this story

Related articles:
STB comeback: Pace claims No. 2, will buy Bewan
Broadband Plan targets set-top duopoly

Suggested Articles

Comcast, Charter and ViacomCBS today announced that they will all take equal ownership of Blockgraph.

Cord cutting will get worse for cable companies. But the financial impact for those same companies will be limited.

Comcast reached a distribution agreement with HBO Max and will offer the service for no extra charge to its existing HBO subscribers.