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Cisco/S-A a done deal

Mon, 02/27/2006 - 6:55am
Jeff Baumgartner, CED

Cisco Systems has closed its $7 billion acquisition of Scientific-Atlanta.

The deal, first announced in November, will expand Cisco's portfolio with the second-largest U.S. supplier of digital cable set-tops, the maker of the PowerKEY conditional access system, and a wide range of video and optical distribution gear for cable and IPTV service providers. 

With the deal done, S-A will be folded into Cisco's Routing and Service Provider Technology Group, led by Cisco SVP Mike Volpi, and will play a big role in the vendor's IP Next Generation Network architecture.

Cisco ended up paying $43 per share in exchange for each share of S-A.

More about Cisco's acquisition of S-A will appear in Tuesday's edition of CED Broadband Direct.

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