Press Release
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T-Venture Makes Strategic Investment in Lantiq
Bonn, March 1, 2010 Lantiq, a leading company in next-generation access and home networking technologies, and T-Venture today announced the closing of a strategic investment. T-Venture, the venture capital company of Deutsche Telekom, is supporting Lantiq with a capital investment and will provide future strategic advice to the company. By agreement, the terms of the deal remain undisclosed. “We are pleased to announce that we have taken our relationship with Deutsche Telekom Group to the next level with this investment, and our partnership will help drive our products and technology roadmap for the benefit of our customers and the industry,” stated Christian Wolff, CEO of Lantiq. “Deutsche Telekom is one of the world’s leading carriers defining and driving the architecture of next generation networks. The investment in Lantiq demonstrates trust and enthusiasm in our business strategy and technology portfolio, and we look forward to working together.” “Continuing to expand and improve broadband infrastructure is a priority for Deutsche Telekom. We are convinced of the great potential that Lantiq’s innovative semiconductor solutions offer,” said Bruno Jacobfeuerborn, Member of the Board of Management T-Home, Technology, and Managing Director Technology, T-Mobile Germany. “Lantiq's innovative technology portfolio and future product and market roadmaps perfectly match Deutsche Telekom’s needs. Both parties involved can profit from the investment – in terms of technology as well as market success.” With revenue of more than 450 million USD in 2009, Lantiq is the second largest fabless semiconductor company in Europe. Lantiq continues to bring broadband solutions to life and remains dedicated to its customers, enabling carrier innovations for next generation networks and digital homes. According to the most recent market research data from iSuppli for 3Q09, Lantiq ships 34% of all xDSL ports worldwide, which positions the company as a leading provider for wireline access networks. |
