Technicolor said its struggling set-top and gateway division rallied to a 4.9% year-over-year sales increase in the second half of 2018.
This good news came after the Paris-based technology firm experienced a 13.6% decline in sales in the first half of the year. The division was subsequently put up for sale.
For the year, connected home saw a 4.7% revenue drop to $2.52 billion.
Technicolor said its CPE business was hurt by lower video demand from clients Charter Communications and AT&T, as well as severe component shortages on deliveries.
However, the vendor claimed to be the sole supplier of DOCSIS 3.1 gateways to Comcast and its various technology syndication partners. The company also started shipping DOCSIS 3.1 equipment to Charter last year.
Technicolor has had talks in recent months with a number of potential suitors for its connected home division, including private equity firm Bain Capital.
Daniel Frankel is the managing editor of Next TV, an internet publishing vertical focused on the business of video streaming. A Los Angeles-based writer and editor who has covered the media and technology industries for more than two decades, Daniel has worked on staff for publications including E! Online, Electronic Media, Mediaweek, Variety, paidContent and GigaOm. You can start living a healthier life with greater wealth and prosperity by following Daniel on Twitter today!
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