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Ericsson sells cable-modem business

Ericsson said Thursday that it will withdraw from the cable-modem business, selling its Lynchburg, Va.-based unit to Aastra Technologies of Ontario, Canada. Telecommunications equipment maker Ericsson entered the cable-modem market in early 1999 with its PipeRider brand. The Swedish company said it sold a total of 200,000 modems and gained a 3 percent world market share during that time. Aastra primarily makes phones and accessories. The company said in a statement that the deal will give it a stronger presence in the Internet access market. Aastra purchased Lucent Technologies' digital video business in October, which makes equipment that helps TV, cable and telecommunications operators transmit video signals.

Ericsson said Thursday that it will withdraw from the cable-modem business, selling its Lynchburg, Va.-based unit to Aastra Technologies of Ontario, Canada. Telecommunications equipment maker Ericsson entered the cable-modem market in early 1999 with its PipeRider brand. The Swedish company said it sold a total of 200,000 modems and gained a 3 percent world market share during that time. Aastra primarily makes phones and accessories. The company said in a statement that the deal will give it a stronger presence in the Internet access market. Aastra purchased Lucent Technologies' digital video business in October, which makes equipment that helps TV, cable and telecommunications operators transmit video signals.