Agile Content acquires Wi-Fi provider Fon to boost TV service strategy

News General Global 19 APR 2021
Agile Content acquires Wi-Fi provider Fon to boost TV service strategy

Barcelona-based digital TV and video technology provider Agile Content has announced the acquisition of international Wi-Fi provider Fon Technology for an undisclosed amount. The deal comes a few months after the takeover of Swedish content processing and video delivery specialist Edgeware, and Agile Content said the aim is to consolidate its B2B2C offering to bring scalable and cost-efficient video solutions to its customers, while boosting in-house and 5G content delivery innovation. 

Fon’s software helps a global customer base of Tier 1 operators including Deutsche Telekom Group, Telstra and Vodafone Group deliver secure and flexible Wi-Fi and video services to households. “With over 80 percent of the traffic generated on Fon’s Wi-Fi network globally related to video, its technology plays a significant role in how video is experienced on multiple screens in today’s homes,” said Agile Content.

The deal will also see former Fon CEO Alex Puregger join Agile Content as the group's new Chief Monetisation Officer, tasked with further enhancing the B2B2C division on the basis of revenue-sharing agreements with large operators. 


Categories:

General

Companies:

Edgeware,  FON

Regions:

Global

Tags:

M&A buyouts & divestments

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