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Cisco to spend $5 billion for set

Cisco Systems has signed a $5 billion deal to buy set-top box software developer NDS, the companies said today. NDS, based in the U.K., sells its software platform along with a combined service platform to video service providers. The products allow video providers to deliver a service that easily lets people view, search, and navigate video content at anytime from …

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Sprint Nextel to pull the plug on LightSquared partnership

The bad news keeps coming for LightSquared. Sprint Nextel plans to terminate its 15-year contract with the foundering wireless broadband effort on Friday and return $65 million in prepayments. The deal’s cancellation–first reported by the Wall Street Journal–would leave LightSquared without a major partner for its effort to build a national wireless broadband network using satellite spectrum. Sprint confirmed the …

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