[Germany] T-Venture Holding, the venture capital company of Deutsche Telekom, has made a strategic investment in Neubiberg, Germany-headquarted Lantiq, a provider of next-generation access and home networking technologies. The terms of the deal aren’t being disclosed.
Along with the investment in Lantiq, Deutsche Telekom will provide future strategic advice to the company.
Lantiq is the second largest fabless semiconductor company in Europe with revenue of just over $450 million in 2009. The company, which specializes in broadband communications encompassing analog, digital and mixed-signal ICs along with comprehensive software suites, has a global team of about 1,000 dispatched across Europe, North America, the Middle East and the Asia Pacific regions.
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.
“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.