Note: comments posted are strictly the opinion of the poster and not necessarily those of Fiber Planners Inc. or any other posters.
Monday, October 13, 2003
Powerline broadband: "Schneider Electric buys Ilevo"
"Rueil-Malmaison (France), September 9th, 2003 - To boost its position in the field of Power Line Communication , Schneider Electric has acquired Ilevo, a company based in Karlstad (Sweden), a former spin-off from Ericsson, previously under the majority control of Itact, a venture capital corporation specializing in avant-garde technology, based in Stockholm, and other shareholders including Swedish electricity distribution corporations."
"To quote Mattias Astrom, the CEO of Schneider Electric Powerline Communications (SEPC), 'Our aim is to design, produce and sell PLC products, at the same time offering the necessary services and support to all the players involved (local authorities, electricity distribution corporations, telecommunications operators and Internet service providers, etc.). Our objective is to have 500,000 connection points installed by 2006.'"