Deutsche Telekom invests in Lantiq

LONDON — Lantiq Deutschland GmbH, the wireline spin-off from Infineon Technologies AG, has closed a "strategic investment" from T-Venture Holding GmbH, the venture capital arm of German telecommunications operator Deutsche Telekom AG.

The companies did not disclose the size of the investment but said that the T-Venture investment strengthens Lantiq's broadband communications market position and provides funding and strategic advice for future developments. "We are pleased to announce that we have taken our relationship with Deutsche Telekom Group to the next level with this investment, and our partnership will help drive our products and technology roadmap for the benefit of our customers and the industry," stated Christian Wolff, CEO of Lantiq (Munich, Germany), in a statement. "Deutsche Telekom is one of the world's leading carriers defining and driving the architecture of next generation networks. The investment in Lantiq demonstrates trust and enthusiasm in our business strategy and technology portfolio, and we look forward to working together."

On a pro rata basis Lantiq had revenue in 2009, the year of its formation, of $450 million, making it the second largest fabless semiconductor company in Europe.

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www.lantiq.com

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