By Greg Tarr, 08.10.04, 5:26 PM ET

MOUNTAIN VIEW, CALIF.? Microsoft and Thomson have reached an agreement to develop a broadband and home network-enabled version of the MSN TV Internet receiver, the companies announced.

The new MSN TV terminal, said to be "a complete overhaul of the existing [dial-up] device and service," is based on standard Microsoft technologies and adds advanced technology from Thomson, according to an advance statement given to TWICE.

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