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December 7, 2007 |
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DIRECTV GROUP: Extends Agreement with NDS Group The DIRECTV Group has entered into an agreement with NDS Group plc, the leading provider of technology solutions for digital pay-TV, to extend the term of their relationship. NDS has been contracted to continue to provide conditional access technology and services to DIRECTV U.S. and DIRECTV Latin America until June 2013. Commenting on the news, Raffi Kesten, NDS Chief Operating Officer, said: "DIRECTV has set the benchmark for the pay television industry. DIRECTV has been highly innovative in developing its consumer offerings to provide the best range of television services available in the United States and across much of Latin America. NDS is very proud to announce the extension of our already long-standing successful relationship." R“mulo Pontual, Chief Technology Officer of DIRECTV, commented, "NDS has consistently provided secure and flexible conditional access technology. We have extended the term of our relationship with NDS based on the dependability of NDS conditional access technologies and related services." About NDS NDS Group plc (NASDAQ: NNDS) -- http://www.nds.com/ -- a majority owned subsidiary of News Corporation, supplies open end-to-end digital technology and services to digital pay- television platform operators and content providers around the world. About The DIRECTV Group Headquartered in El Segundo, California, The DIRECTV Group (NYSE:DTV) -- http://www.directv.com/ --, Inc. provides digital television entertainment in the United States and Latin America. It has two segments, DIRECTV U.S. and DIRECTV Latin America. The DIRECTV U.S. segment provides direct-to-home digital television services in the multichannel video programming distribution industry in the United States. The DIRECTV Latin America segment provides digital direct-to-home digital television services to approximately 1.6 million subscribers in 27 countries, including Brazil, Argentina, Venezuela, and Puerto Rico. * * * In April 2007, Standard & Poor's Ratings Services affirmed the 'BB' corporate credit and 'BB-' senior unsecured debt rating on The DIRECTV Group Inc. S&P said the outlook is stable. In addition, Standard & Poor's raised the bank loan rating on US$2 billion of credit facilities at DIRECTV Holdings LLC, a wholly owned subsidiary of The DIRECTV Group Inc, to 'BB+' from 'BB' and revised the recovery rating to '1' from '3'. |
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