Tandy, the parent company of Radioshack, has acquired cable company Amerilink for $75 million in a bid to capture a lion's share of the US home connectivity market.
Amerilink designs, builds and installs cable, video, voice and data systems for consumers. US home owners are increasingly installing home networks and few homes are constructed without connectivity cabling. The acquisition will enable Tandy to offer a wider range of consumer broadband Internet products and associated services.
"Demand for our type of services from service providers should be stimulated by the tremendous rise in the use of cable modems and direct broadcast satellite. Also, the cable industry will continue to require our type of services to upgrade their infrastructure, including the connection to customers' homes," explained Larry Linhart, chairman of Amerilink.
Tandy/Radioshack is America's largest consumer electronics chain with more than 7,000 stores and dealers nationwide. It is estimated that 94 per cent of Americans live or works within five minutes of an outlet or dealership.
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