Centillium Communications announced that it has agreed to sell its DSL business unit to Ikanos Communications for about $12 million in cash. The move will allow Centillium to focus on its faster growing optical and VoIP business, while reducing about $18 million in costs related to its DSL efforts. For Ikanos, the acquisition looks to fit into its ongoing effort in the market for VDSL-based residential broadband gateway products. The deal likely will close in the first quarter this year.
- take a look at this Centillium press release