STMicroelectronics, a global semiconductor leader serving customers, today announced that its STiH273 (Palma) HD cable chipset has been selected by DEN Networks, a leading Indian Cable MSO (multi-system operator) with over 6 million subscribers.
The ST technology inside DEN's newest HD zapper delivers an even better user experience and helps broaden market access to HD zappers and enable DEN to win more subscribers and grow its own revenues.
''Our new high-definition digital set-top boxes leverage STMicroelectronics' feature-packed and flexible System-on-Chip ICs, providing an ideal platform for us to deliver innovative value-added services to our customers,'' said MG Azhar, COO, DEN Networks. ''The STiH273 SoC is clearly the right choice for our latest generation of set-top boxes with the right power, versatility, and features to meet our market needs. We are confident that the chipset will help us in creating both enhanced customer satisfaction and sustaining our leadership edge in India.''
''As a leading Cable MSO in India, DEN Networks sets the trend for technology, modernization, and radical transformation, and ST is proud to contribute to DEN's strategic intent,'' said Vivek Sharma, regional vice president, greater China and South Asia region, and director, India design center, STMicroelectronics. ''DEN Networks' selection of ST's technology underlines our core competencies and reiterates our commitment to this fast-growing market through localization and co-operation with our India partners.''
Shares of the company gained Rs 5.4, or 2.48%, to settle at Rs 223.45. The total volume of shares traded was 45,498 at the BSE (Monday).