Technicolor Signs Deals with Verizon and DirecTV
Technicolor has signed a memorandum of understanding with Verizon to become one of Verizon’s suppliers to provide its next-generation FiOS broadband home routers. These routers aim to enhance the experience of residential customers served by its fiber-to-the-home access network.
Technicolor’s broadband routers, designed and built to Verizon’s exacting specifications, will accelerate data transmissions over in-home coaxial wiring. The new broadband home routers will be ready for deployment in the 2011 timeframe.
Technicolor and Verizon are currently negotiating a final three-year strategic agreement. Under this agreement, Technicolor will provide FiOS broadband home routers and will collaborate with Verizon on new technologies to enable Verizon customers to access and enjoy the most powerful communications and media experiences.
Technicolor has also announced the signing of a three-year contract extension to provide a wide range of SD and HD set-top boxes to DirecTV. Technicolor is also the preferred provider of 3D services, enabling the launch of DirecTV’s first 3D VOD service.
Since the beginning of this relationship, Technicolor has provided more than 48 million set-top-boxes to DirecTV. The contract extension will allow the two companies to further develop their collaboration in new areas such as 3D. DIRECTV is the first video service provider to offer a suite of three dedicated 3D channels including n3D On Demand.