Alcatel Integrates iMagicTV for TV over DSL

Alcatel completed its acquisition of iMagicTV, a developer of software for delivering multi-channel digital television over broadband networks. Alcatel said the acquisition provides it with a ready-to-deploy solution for triple play (TV, Internet and Telephone) broadband services. iMagic also provides back-end service provisioning capabilities. iMagicTV will be marketed under the name Alcatel 5950 Media Manager. The final exchange ratio used to exchange iMagicTV shares for Alcatel ADS shares was 0.158517 which equates to a value of US$1.30 per iMagicTV share. Alcatel acquired 20,826,362 of common shares, representing 84% of the capital. It now holds 100% of the company.
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