Thursday, December 1, 2005

Alcatel, AT&T & Telmex Invest in 2Wire for Triple Play

Alcatel agreed to acquire a 25% percent stake in 2Wire, a developer of home broadband network equipment. In addition, AT&T and Telmex have also agreed to acquire minority interests in 2Wire from 2Wire's existing shareholders.

Alcatel said the strategic partnership broadens and extends its end-to-end, fully integrated triple play solution.

2Wire's standards-based residential home gateways allow operators to manage the interoperability of a wide range of devices, electronics and equipment that are increasingly being deployed within the consumer home. The solution will also enable them to deliver compelling new services designed to reduce the complexity of today's home networks.

Alcatel will be represented on the 2Wire Board of Directors. Financial terms were not disclosed.

See also