Thomson has acquired Alcatel's remaining 25% stake in their joint venture company, Nextream

June 18, 2004

1 Min Read

PARIS -- Thomson (Euronext Paris:18453)(NYSE:TMS - News), the world leader in integrated solutions (technologies, equipment and services) for the entertainment and media industries, has acquired Alcatel's remaining 25% shareholding in their joint venture company, Nextream. The move follows Alcatel's exercise of a put option which was part of the initial contract signed with Thomson in 2001. Thomson now owns 100% of Nextream, which will maintain its commercial cooperation with Alcatel.

Nextream, part of Thomson's Video Network Solutions Division, develops and manufactures the Grass Valley(TM) Video Compression and Networking product line which includes ViBE (Video Broadcast Evolution), the most compact and efficient digital content delivery platform available. More than 1,200 ViBE products have been sold in the last year alone. Designed for cable, direct-to-home, satellite, telecommunications and terrestrial television operations, these products feature turnkey solutions for digital content delivery.

The financial terms of this transaction are not disclosed.

Thomson

Alcatel SA

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