Technicolor (NYSE: TCH) may enter the U.S. broadband market soon with a deal to provide routers for Verizon's (NYSE: VZ) FiOS service. The companies are negotiating a three-year strategic agreement and signed a memorandum of understanding this week.
If the deal goes through, Technicolor broadband routers would be deployed within the FiOS subscriber footprint beginning sometime in 2011. The routers, a news release explains, will accelerate data transmissions over the in-home coaxial wiring FiOS uses.
The 95-year-old Technicolor has added quite a bit more to its portfolio besides color film processing, including equipment manufacturing like set-top boxes, gateways, and Blu-Ray Discs.
- see the release
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