IBC 2012 – AMSTERDAM. Technicolor has announced that it has now reached the milestone of 150 million set-top boxes since it shipped its first one in 1994.
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.