NDS Group PLC Reports Fiscal Year 2008 ResultsTuesday, August 5th, 2008
90.3 million active devices protected by NDS conditional access technology at end of period; 92.5 million middleware clients deployed at end of period; 13.1 million DVR clients deployed at end of period.
NEW YORK and LONDON — NDS Group plc (“NDS” or the “Company”) (NASDAQ: NNDS), a majority-owned subsidiary of News Corporation that supplies open end-to-end digital technology and services to digital pay-television platform operations and content providers, announced today its results for the fiscal year ended June 30, 2008.
“¢ NDS announced that the independent committee of its board of directors has reached an agreement in principle with News Corporation and two subsidiaries of funds advised by Permira Advisers LLP on a price at which News Corporation and the Permira entities would acquire all issued and outstanding NDS Series A ordinary shares, including those represented by American Depositary Shares traded on NASDAQ, for per share consideration of $63 in cash. The consummation of the transaction would result in NDS ceasing to be a public company, and the Permira entities and News Corporation owning approximately 51% and 49% of NDS, respectively.
“¢ Russian media giant Sistema Mass Media chose NDS’ VideoGuard Mobile™ to secure its mobile TV service, available to all Russian mobile subscribers irrespective of network provider, and the NDS Unified Headend™ to manage and secure delivery over mobile and IP networks to set-top boxes, PCs and handsets, resulting in a truly convergent service for the Russian market.
“¢ SkyLife, Korea’s first and only digital satellite Pay TV operator, expanded its long-standing relationship with NDS by introducing NDS VideoGuard® conditional access and MediaHighway® middleware to secure and power its new live HD broadcast service.
“¢ Cox Communications, the third largest cable operator in the USA, chose NDS to develop a next-generation video user interface (UI) to enhance its Pay TV offering.
“¢ Australia’s leading subscription television provider, FOXTEL, selected a next generation Electronic Program Guide (EPG) and XTV™ technology from NDS to power its new HD DVR.
“¢ SKY Television New Zealand has selected NDS’ next generation EPG and XTV™ DVR technology to power its new MY SKY HDi DVR. SKY expects to deploy over 80,000 MY SKY HDi DVRs in the next financial year.
“¢ Gateway Broadcast Services (GBS) selected NDS MediaHighway middleware and EPG to power its GTV Pay TV platform for Sub-Saharan Africa. In February 2007, GBS chose VideoGuard to secure its platform.
Key Non-Financial Measures
Fiscal years ended June 30, --------------------------- 2008 2007 ---- ---- Smart card deliveries (in millions) Quantity delivered in period 37.3 26.3 Number of devices protected by NDS conditional access (in millions) Net additions 14.9 10.4 At end of period 90.3 75.4 Middleware clients deployed (in millions) Middleware clients deployed in period 30.7 18.2 Acquisitions(1) -- 2.0 Deployments, end of period 92.5 61.8 DVR clients deployed (in millions) DVR clients deployed in period 5.8 3.8 Deployments, end of period 13.1 7.3
1. Represents 2.0 million OpenRG™ residential gateway middleware devices developed and deployed by Jungo that were recognized at the time of the acquisition of Jungo on December 31, 2006.
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