Acquisition brings Intel voice-over-packet technology for optical networks

February 26, 2001

1 Min Read

SANTA CLARA, Calif. -- IntelCorporation today announced it has entered into a definitiveagreement to acquire privately held VxTel Inc. in a cash transactionworth approximately $550 million. VxTel is a semiconductor companythat has developed unique Voice over Packet (VoP) products thatdeliver high-quality voice and data communications overnext-generation optical networks.

"The telecommunications industry is goingthrough a major transition," said Mark Christensen, vicepresident and general manager of Intel's Network Communications Group."The convergence of voice and data traffic through acommon network enables service providers and carriers todeliver a wide variety of new services without the cost of expanding andmaintaining two different networks. VxTel's Voice over Packet solution,together with the broad family of Intel® Internet Exchange Architecturecommunications components, will enable our customers toaccelerate their designs to take advantage of this new opportunity."

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