Golden Gate Capital, the new owners of Infineon Technologies' wireline division, are wasting no time in establishing a new company identity as the division will now become LANTIQ. Last month the German chip vendor reached a deal to sell its Wireline Communications Division (WLC) to equity investor Golden Gate Capital. Set to go live this fall as a standalone company, the newly created LANTIQ will take over the products, projects and locations of Infineon's WLC division. LANTIQ's staff will consist of 900 employees at 14 sites in Asia Pacific, North America and Europe.
Christian Wolff, who will be running the new LANTIQ as company CEO, thinks the company can become a sizeable competitor in the next-gen last mile network market that's seeing large U.S. (AT&T, Qwest and Verizon) and international service providers (BT, DT and Belgacom) enhance their last mile networks to provide advanced television and high-bandwidth data services over a home network.
"During the last few years we have gained a very strong position and significant momentum in the wireline market, based on our broad and innovative product portfolio," said Wolf in a press release. "We are fully committed to the Wireline communications market and we see a tremendous opportunity in the market for IPTV, Home Networking and Next-Generation IP-based networks."
- here's the official release
Infineon gets out of the wireline business