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GigaMedia Sells ISP Business To China Network Systems

Aggregated Source: ChinaTechNews.com
August 29, 2008|

Taiwan-based GigaMedia (GIGM) says it has sold its legacy cable and corporate Internet service provider business to China Network Systems for approximately USD20 million in cash and an additional amount of up to USD5 million upon achievement of certain performance benchmarks during the two-year period following the closing. GigaMedia expects the sale to close shortly, following [...]

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