Centillium selling DSL unit to Ikanos

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.

For more:
- take a look at this Centillium press release

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