10-year contract between Nagravision and Cyfrowy Polsat

[kiani70]

10-year contract between Nagravision and Cyfrowy Polsat

* 2010-03-31 18:15:01 / Janusz Sulisz
* Last update: 2010-03-31 19:02:58
* Source: Nagravision

Nagravision SA, part of the Swiss Kudelski Group, as one of the world's largest independent suppliers of conditional access solutions for pay TV, has signed a 10-year contract to provide Conditional Access System for the largest Polish digital platform - Cyfrowy Polsat. Poland Nagravision platform receives from the most innovative solutions for security coding system.


Through this new agreement, Nagravision emphasizes its long-term commitment to the platform Cyfrowy Polsat. Highlighted the confidence in the stable development of digital pay-TV in Poland. Cyfrowy Polsat will use the most innovative solutions for security coding system on the market.

- As a leading satellite operator in Poland, very important for us is that we can safely offer an advanced service package, which will enable us to attract new subscribers and existing content. - Said Dominik Libicki, President of Cyfrowy Polsat.

- We work with Nagravision for many years and am pleased that they continue to support us in implementing innovative solutions which not only develop our business, but also generate savings for us. In an increasingly competitive market, having a reliable partner in this area is one of our strengths .- added Dominik Libicki

- We are delighted to expand our collaboration with Digital Polsat, which has been built on years of trust and cooperation between our companies - said Chief Operating Officer of Nagravision, Pierre Roy.
- Our common commitment to allow you to customize our solutions to the specific needs of Cyfrowy Polsat in the next few years and to support their development. - Added Pierre Roy.

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Re: 10-year contract between Nagravision and Cyfrowy Polsat

Re: 10-year contract between Nagravision and Cyfrowy Polsat

Cyfrowy Polsat reveals Nagra CA terms

By Julian Clover
April 1, 2010 07.54 UK

Cyfrowy Polsat has put a value of PLN 356 million (€92.2 million) on its new ten-year conditional access contract with Nagravison. The agreement extends the previous arrangement signed between the companies in November 2004 and has only been made public because its value exceeds 10% of Polsat’s revenues over the last four quarters.

According to the filing, Polsat will pay Nagravision a monthly fee in Euros based on the number of subscribers listed in its agreement. In return the Eutelsat-delivered platform will receive the rental, licence and technical support for the CA-system. In addition, Nagravision will also receive a fee on a per smart card basis.

The PLN 356 million fee is based on an exchange rate of 3.8622 per €1 as set by the Polish National Bank on March 31, 2010 and the number of subscribers anticipated by the operator for the duration of the contract. Cyfrowy Polsat had 3.2 million subscribers as of the end of 2009.

Commenting on the deal, Cyfrowy Polsat CEO Dominik Libicki said: “As the leading satellite operator in Poland it is important that we are able to deliver in a secure way an advanced portfolio of services to enable us to attract new and satisfy existing subscribers”.

He added: “We have been working with Nagravision for a number of years and I am glad that they continue to support us with innovative solutions which not only develop our business but also generate savings for us. On an increasingly competitive market, having a reliable partner in this field is one of our strengths.”

Nagravision CEO Pierre Roy said: “We are delighted to expand our cooperation with Cyfrowy Polsat, which is built on the trust established over the years between our companies. Our mutual commitment enables the customization of our solution roadmap to address Cyfrowy Polsat’s specific needs over the next years and support their growth.”