Cable Tech

Pirelli Tires of Broadband

6:00 AM -- Italian giant Pirelli SpA (Milan: PECI.MI) is to sell off its broadband gateway and set-top box unit as it focuses on its core tire-making business, according to the parent company's chairman.

Marco Tronchetti Provera told Bloomberg that he's examining five offers for Pirelli Broadband Solutions , which generated revenues of €132 million (US$165 million) in 2009.

There's no indication currently about which companies have submitted bids, but there are some large multinational vendors that could do worse than bolster their broadband equipment portfolios with Pirelli's product set, expertise, and customer base. (See Pirelli Unveils Hybrid STB, Greek Provider Picks Pirelli, and Swisscom Uses Pirelli Gateways.)

— Ray Le Maistre, International Managing Editor, Light Reading

jzw 12/5/2012 | 4:30:52 PM
re: Pirelli Tires of Broadband

Good story Ray.. great headline

digits 12/5/2012 | 4:30:51 PM
re: Pirelli Tires of Broadband

I had to do it just because of the headline opportunity.... but I'm intrigued as to which companies might see this as an opportunity to get deeper into the broadband customer premises. Those Pirelli folk are smart dudes.

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