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DoCoMo takes stake in PacketVideo, looking to LTE and Android
Posted on 06. Jul, 2009 by LteWorld
in News, LTE
6 July, 2009| By CAROLINE GABRIEL: One of the most interesting elements of the family of technologies assembled by NextWave Wireless - elements that the troubled firm is now selling off - was always video platform PacketVideo.
This remains in the NextWave fold for now, but has received valuable new financial and market support, with NTT DoCoMo taking a 35% stake.The Japanese lead cellco, which already uses PacketVideo software to deliver music and video services on some devices, is paying $45.5m in cash for its stake, and sparking speculation that it will take over the whole firm in future. Advanced music, video and TV services are critical to being competitive in Japan and so DoCoMo is likely to boost its partner in many ways - not just by improving its financial position, but also contributing to, and supporting, further developments of its platform.
