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Broadband

Technicolor sells head-end business to FCDE, keeps PRN

Thursday 24 February 2011 | 10:52 CET | News
Digital content delivery services and home access devices company Technicolor has received a binding offer from French investment fund Fonds de Consolidation et de Developpement des Entreprises (FCDE) for the acquisition of its head-end business, operating under the Thomson Video Networks brand. The ofer values the business for a non-material amount and the group will register a non-cash loss for this disposal in its 2010 financial statements. The FCDE will enter a trademark agreement with Technicolor to use the Thomson t brand. The head-end activity provides a portfolio of video compression

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Categories: Fixed / Internet
Companies: Grass Valley / Technicolor / Thomson
Countries: France / United States
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