Network infrastructure and services provider Alcatel SA [ALA] has purchased the Network Solutions unit of streaming video company PacketVideo Corp.
The acquisition is part of Alcatel’s strategy to become a leader in broadband video technologies, including messaging, video telephony, video-conferencing, and streaming.
The device division of California-based PacketVideo is not included in the deal, and the company will continue operations as an independent group focusing on the development and integration of multimedia software for mobile phones, video phones and camera phones for device manufacturers. However, PacketVideo confirmed that it would continue to work closely with its network business through Alcatel to ensure interoperability.
PacketVideo was one of the pioneers of MPEG4 video streaming to mobile devices. It has about eight official carrier deals, including one with Japanese carrier NTT DoCoMo Inc [DCM].
Meanwhile, Alcatel has signed an agreement to sell a 30% stake of Alcatel in South Africa to a group of black investors, telecom professionals and an educational trust, called New Seasons, which focuses on previously disadvantaged students in information communications and telecommunications.
The deal is part of the Black Economic Empowerment program, an integrated socio-economic process within the context of the country’s national transformation program, aimed at redressing the imbalances of the past by seeking to confer the ownership, management and control of South Africa’s financial and economic resources to the majority of its citizens.
Additionally, Alcatel unveiled a project in cooperation with Vodacom, the South Africa’s main GSM operator, Manobi, a French Senegalese SME, and the Department of Communications, to bring advanced telecommunication technologies to South Africa’s rural communities.
This article was based on material originally published by ComputerWire.