Netgem extends SFR deal

French TV technology company Netgem has extended its contract with French ISP and pay TV operator SFR until June 2014.

The contract covers hardware, software, maintenance and other services. As the new agreement will be put into place before the current one ends, Netgem said its set-top box revenue, starting this quarter, will be lower than those set out in the previous contract but SFR’s projected contributions to Netgem’s gross margin for the year will be higher.

Christophe Aulnette, CEO of Netgem, said: “I am delighted to see our cooperation with SFR extended and to materialize the evolution of our business model mix towards software and services. It is with enthusiasm that Netgem teams will focus on helping SFR in the successful development of one of the largest IPTV installed base in the world.”