Norwegian telco Telenor is to sell its content protection business Conax to the Kudelski Group.
Headquartered in Oslo, Conax provides telcos, cable, satellite, IP, mobile and terrestrial operators with content protection for digital TV services over broadcast, broadband and connected devices.
The £136m transaction is expected to close within ten days.
“We are very pleased to welcome the Conax team to the Kudelski Group,” said André Kudelski, chairman and chief executive of the Kudelski Group (pictured).
“Their geographic footprint and solution portfolio are complementary to Nagra. With this acquisition, we further expand our customer portfolio in Asia, Latin America, Eastern Europe and Scandinavia.”
In a statement, the Kudelski Group said that Conax’s customer base would benefit from its “broad portfolio of best-in-class products, including its next-generation OpenTV5 middleware, multiscreen/OTT solutions and SmarDTV’s advanced conditional access modules”.