DD :Globecomm Gets $1.3 Million Contract
© 2006 The Associated Press
HAUPPAUGE, N.Y. — Satellite communications provider Globecomm Systems Inc. said Monday it received a contract worth $1.3 million to build out Internet protocol TV infrastructure that enables delivery of IP video services.
The company did not say who awarded the contract. Globecomm's customers range from the United Nations to the communications ministry of Afghanistan to communications carriers.
"Telecom companies are pushing IP-based video to the top of their next-generation service agendas," said David Hershberg, chairman and chief executive, in a statement.
"IPTV infrastructure build-out is being accelerated by competition from the cable industry, which is successfully eroding the telecom operators voice subscriber base with multi-service offerings of their own," he added.
Shares of the company rose 10 cents to $7.28 in midday trading on the Nasdaq.
