Lantiq Receives Strategic Investment from T-Venture
T-Venture, the venture capital company of Deutsche Telekom, is supporting Lantiq with capital investment, and will provide future strategic advice to the company. Lantiq is a leading company in next-generation access and home networking technologies and the second largest fabless semiconductor company in Europe, with a revenue of more than $450 M in 2009.
“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,” said 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.”
Bruno Jacobfeuerborn, Member of the Board of Management T-Home, Technology, and Managing Director Technology, T-Mobile Germany, added, “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.”
He continued, “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.”