Intel (NASDAQ:INTC) has signed a definitive agreement to acquire Lantiq, a supplier of broadband access and home networking technologies. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to close in approximately 90 days. Deal terms were not disclosed.
The acquisition is intended to expand Intel's footprint in the cable residential gateway market and broaden its offering to other gateway markets, including DSL, fiber, LTE, retail and IoT smart routers. The combined team is expected to have a range of connectivity solutions and home cloud technologies for OEMs, service providers and companies creating new applications for the smart home.
