Comcast and Motorola Complete Agreement to Form Conditional Access Joint Ventures
PHILADELPHIA and HORSHAM, Pa. – 1 April 2005 --
Comcast Corporation (Nasdaq: CMCSA, CMCSK) and Motorola, Inc (NYSE:
MOT) today announced that they have consummated their previously announced
strategic relationship including two joint ventures focused on next-generation
conditional access technologies and a multi-year set top co mmitment valued at more than US $1billion.
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About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA, CMCSK)
(http://www.comcast.com) is the nation's leading provider of cable,
entertainment and communications products and services. With 21.5 million
cable customers and 7 million high-speed Internet customers, Comcast
is principally involved in the development, management and operation
of broadband cable networks and in the delivery of programming content.
The Company's content networks and investments include E!
Entertainment Television, Style Network, The Golf Channel, Outdoor Life
Network, G4, International Channel Networks, TV One and four Comcast
SportsNets. The Company also has a majority ownership in Comcast-Spectacor,
whose major holdings include the Philadelphia Flyers NHL hockey team,
the Philadelphia 76ers NBA basketball team and two large multipurpose
arenas in Philadelphia.
MOTOROLA and the Stylized M Logo are registered in the US Patent & Trademark Office. All other product or service names are the property of their
respective owners.
© Motorola, Inc. 2005.
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About
Motorola
Motorola is a Fortune 100 global communications leader that provides seamless
mobility products and solutions across broadband, embedded systems and wireless
networks. In your home, auto, workplace and all spaces in between, seamless mobility
means you can reach the people, things and information you need, anywhere, anytime.
Seamless mobility harnesses the power of technology convergence and enables smarter,
faster, cost-effective and flexible communication. Motorola had sales of US $31.3
billion in 2004. For more information:
http://www.motorola.com.
Media Contacts:
Comcast
Jenni Moyer
+1-215-851-3311 Jenni_Moyer@comcast.com
Media Contacts:
Motorola
Paul Alfieri
+1-215-323-1804
paul.alfieri@motorola.com
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