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Technology / AI and automation

PHILIPS MEDIA & UNITED INERNATIONAL IN CABLE JOINT VENTURE

The Philips Media New York-based multimedia software unit of Philips Electronics NV and United International Holdings Inc now have final agreement on a 50-50 joint venture to develop multi-channel cable television operations in Europe: each will contribute its existing European cable television operations to the new company, which will have sites in 12 European countries and Israel, and a 1.5m subscriber base.

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