Technicolor says its connected home business is beginning to recover following new customer wins.
Ericsson has completed its acquisition of Technicolor’s broadcast services division.
Technicolor shareholders have backed a bid by Vector Capital Corporation that will lead to a cash injection of between €167 million and €191 million.
Vector Capital has increased its offer for troubled STB manufacturer Technicolor.
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.
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 Nederland has chosen Divisio, a turnkey hosted iDTV multi-platform service from Dutch based Divitel.
Technicolor has received a binding offer from Ericsson for the acquisition of its Broadcast Services activity. It includes a purchase price of €19 million, as well as a potential earn-out based on 2015 revenues of the activity of up to €9 million.