Technicolor CEO Frederic Rose has confirmed he is in talks with a number of companies to take a stake in its loss-making set-top box business before the end of the year.
Technicolor is describing the process as “looking for a partner for the set-top box business rather than looking to sell it”.
In an interview with Reuters, Rose confirmed that it was also looking for a partner for its French set-top manufacturing facility, which currently has in the region of 350 employees.
Rose told Reuters he was in talks with “several players”, adding that he believed there was only room for three major companies in the sector.
In recent weeks there have been sale rumours surrounding two of the leading STB manufacturers, Motorola and Cisco, while Pace has made a number of management changes.
Motorola remains the lead STB manufacturer, followed by Pace, Cisco and Technicolor.
Separately, Technicolor has announced it has reached the milestone of 5 million set-top boxes delivered to Tata Sky, India’s leading satellite operator with 6.5 million subscribers.
A shipment of high definition set-tops won earlier this year will commence later this year.