Alcatel has acquired the Network Solutions unit of PacketVideo, which develops video server technology for the mobile communications industry. The company has demonstrated MPEG-4 video streaming to mobile devices and has an established footprint with NTT DoCoMo, T-Mobile, Orange, Mobilkom, New World Mobility and others. Alcatel described the acquisition as “another significant step” in its strategy to become a leader in broadband video solutions. Financial terms were not disclosed.
PacketVideo Corporation, including its Device Solutions unit, is not part of the acquisition and will remain an independent companyhttp://www.alcatel.com
http://www.pv.com
