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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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
-
'As AGMs go digital, firms must offer a new form of scrutiny for shareholders'Opinion Technology has rendered big AGM meet-ups obsolete, but the board still needs to be held to account, says Matthew Lynn
-
Nationwide cuts rates on 16 popular savings accountsNationwide Building Society says the move is due to the February Bank of England base rate reduction
