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Thomson Multimedia in supply deal with US satellite broadcaster
Thomson shares shoot on the news...

By Heather McLean

Published: Monday 14 January 2002

Thomson Multimedia will supply digital TV set-top boxes to the second most popular US satellite broadcaster, Echostar Communications.

The company said in a statement that its Paris-based plant is set to begin production this summer, although exact figures were not disclosed.

Thomson's shares rose by 4.4 per cent to E36.44 (£22.47) on the announcement.

The digi-box manufacturer already supplies TV decoders to the number one US satellite broadcasting company DirecTV, which owns a 3.1 per cent stake in Thomson.