ANT gets licence for new set-top box product

Digital TV software provider ANT has received a licence for its set-top box product, Galio Hybrid Broadcast Broadband TV (HbbTV) Platform, from set-top box manufacturer smart electronic GmbH.

The set-top boxes will deliver HbbTV services to the German Free-to-Air TV market.

No financial details relating to the transaction were given.

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Simon Woodward, chief executive officer of ANT, said: "With an increasing number of high quality HbbTV services being developed by German broadcasters, the on-going adoption of HbbTV services marks the evolution of a richer TV experience for consumers and a growing market opportunity for ANT."

Chief executive officer of GmbH, Christoph Hoefler, added: "HbbTV continues to be well received by German consumers. When evaluating HbbTV solutions it quickly became clear that ANT is the leading vendor with unrivalled market and deployment experience."

ANT's share price is rising 8.06% to 16.75p by 14:46PM.

NR