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Set-top box maker Pace sees 6 pct rise in full-year revenue

Reuters - UK Focus

Jan 13 (Reuters) - British set-top box maker Pace Plc (Other OTC: PCMXF - news) said full-year revenue was expected to rise 6 percent, driven by increased demand for its new products.

The company, whose three major customers are Comcast , AT&T Inc (Sao Paolo: ATTB34.SA - news) and DirecTV (NasdaqGS: DTV - news) , expects revenue to rise to $2.61 billion for the year ended Dec. 31, from $2.47 billion a year earlier.

The TV decoder maker said it expected underlying operating margin to be 1.4 percentage points ahead of 2013. (Reporting by Noor Zainab Hussain and Aastha Agnihotri in Bengaluru; Editing by Gopakumar Warrier)