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Technicolor CPE Biz Perked Up Nearly 5% in Second Half of 2018

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.