Alcatel Acquires Packet Video's Network Solutions Division

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
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