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.
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.
Technicolor is out of the frame to produce set-top boxes for the UK hybrid platform YouView, sources familiar with the situation have told Broadband TV News.
Technicolor has become the first manufacturer to deliver 100 million broadband gateways. The Paris-based manufacturer that previously used the Thomson brand has held been the world’s leader supplier for the last 10 years and has delivered 10 million gateways a year since 2005.
Technicolor has announced it will collaborate with Intel on its latest ‘system on a chip’, the Intel Atom processor CE4200, formerly code-named Groveland.
Technicolor has announced plans to develop an advanced, TiVo-ready high definition set-top box for customers that license the TiVo software.
Technicolor has announced the delivery of 100 million set-top boxes, just a week after the company changed its name from Thomson.