Telefonica announces Strategic Investment with Quantenna

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Telefonica has announced that it has signed a strategic partnership with Quantenna Communications. The partnership is believed to observe Telefonica making a strategic equity investment in Quantenna which gives it access to the latest Quantenna technology for the deployment of high performance video services to the home.

Quantenna has the networking expertise to bridge this capability gap and allow high quality video to be deployed wirelessly to multiple devices around the home. Quantenna's family of Full-11n 5GHz chipsets uses the company's cost-optimized, third-generation 4x4 MIMO technology to deliver up to 600 Mbps of bandwidth. The chipsets enable manufacturers to build products for delivering IPTV and other video streaming and data distribution services throughout the home over an ultra-reliable, high-performance Wi-Fi connection.

Matthew Key, Chairman & CEO, Telefonica Digital said, "Investing in up-and-coming technology companies is a core part of the Telefonica Digital strategy as we look to build our capabilities in order to succeed in the digital space. Quantenna's technology will be a core component of our growth strategy for IPTV deployments in Europe and Latin America."

"This strategic partnership and funding will enable us to expand our product offering for carrier-grade wireless IPTV services globally, as we continue to strengthen our industry-leading, 4x4 MIMO technology leadership position," said Sam Heidari, CEO, Quantenna.

The investment in Quantenna has been led by Telefonica Ventures, a division of Telefonica Digital, with offices in Silicon Valley, London, Madrid and Israel.



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