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Telefonica Makes Strategic Investment in Quantenna

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11/7/2011
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LONDON and FREMONT, Calif. -- Telefónica today announced that it has signed a strategic partnership with Quantenna Communications, a leader in ultra-reliable Wi-Fi networking for whole home entertainment. The partnership sees Telefónica 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.

New services with high interactivity, low latency and huge bandwidth demands (such as high definition video), plus the increasing proliferation of connected devices in the home (many of those mobile) challenge today’s network technologies. As network operators start to roll out fibre services to customers’ homes, capable of delivering speeds of up to 100 Mbps, there is a looming bottleneck on the limited capabilities of current wireless technologies.

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

Quantenna Communications Inc.

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