LONDON The new name for Infineon's wireline communications operation is to be Lantiq.
Last month Infineon Technologies announced that U.S. private equity group Golden Gate Capital would acquire
for about $350 million the operation, and the deal is expected to close within the next few months, when Lantiq will assume all the products, projects and locations of the present Wireless Communications Division.
Christian Wolff, who is designated to be the CEO of Lantiq, said: "We are fully committed to the Wireline communications market and we see a tremendous opportunity in the market for IPTV, Home Networking and Next-Generation IP-based networks."
After closing of the deal, Lantiq will employ 900 people at 14 sites in the Asia Pacific region, North America and Europe. Headquartered in Neubiberg, Germany, the company will offer a broadband communication portfolio encompassing analog, digital and mixed-signal ICs along with comprehensive software suites.
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