Pace shrugs off failed Moto deal

BRITISH TV box manufacturer Pace showed yesterday there is life after its failed takeover of Motorola Home, the set-top box unit owned by Google, as it revealed record revenues for the end of last year.

The company said turnover for 2012 is expected to be four per cent up on the previous year, and it expects sales of $2.4bn (£1.5bn).

This marks a turnaround for Pace, which warned last year that revenues would decline in 2012, before adjusting expectations to say they would be flat.

Pace put the improvements in the second half of the year down to increasing demand for its technology in the US, where Pace makes the boxes sold by several pay-TV providers.

Pace missed out on Motorola Home last month, with Google selling the unit to US firm Arris.