Technicolor has confirmed that it has filed for insolvency on its troubled set-top box facility in Angers.
Technicolor is planning a capital increase of up to €158 million as the set-top developer looks to strengthen its balance sheet as part of the Amplify 2015 strategic roadmap.
Shares in Technicolor have been suspended from the French stock exchange ahead of a meeting of the company’s board of directors on Wednesday afternoon.
EchoStar Technologies will continue to supply the international cable market following the announcement that it will cease development of its Aria platform.
Strong has been selected by the Ukrainian State Committee for Television and Radio Broadcasting to supply DTT receivers to needy sections of the country’s population.
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.
TiVo has answered a patent infringement suit brought against it by Motorola with a counterclaim of its own.
DVB WORLD 2012 – ROME. Apps will ultimately replace the set-top box, according to Siemens’ Stefan Jenzowsky.
Sky Italia is downloading a new software release to its satellite subscribers, at the same time preparing them for over-the-top delivered content.
A reduction in products shipped across satellite, cable and telco resulted in an 18% decrease in revenues within Technicolor’s Connected Home division in the final quarter of 2011.