UTStarcom has officially divested its IPTV equipment business to concentrate on what a news release said are "higher growth, more profitable areas … that will enhance the value of the business."
While that doesn't seem to say much about the prospects of building IPTV equipment--at least from the UTStarcom perspective--the divestiture can still be seen as good news for former CEO Jack Wu, who is leaving that post, as well as his spot on the company's board of directors, to head up the new standalone IPTV venture.
He's been replaced at UTStarcom by William Wong as CEO, who comes aboard with the expectation that he will be "invaluable in leading UTStarcom to new levels of success," Chairman Xiaoping Li said in a news release. "The completion of this transaction is a significant milestone for UTStarcom. It is an important step in streamlining the company's product portfolio in favor of a dynamic set of businesses."
Meanwhile, building IPTV equipment isn't such a bad thing for Infomir, it seems. The Ukrainian company is using IBC 2012 in Amsterdam to launch new set-top boxes and showcase the capabilities of its existing line of products.
Among the new products expected to be on display are a box built on the Android OS with a Wi-Fi adapter and slot for microSD cards; an IPTV set-top with DVB support; and a dual-core unit with Android STI Orly, Wi-Fi adapter and slots for additional content sources, the company said in a news release.
For more:
- see this news release
- and this news release
Related articles:
UTStarcom divests 'non-strategic' IPTV equipment business
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