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Monday, January 05, 2004
ITOCHU buys stake in DS2
Japanese technology company ITOCHU purchased a stake in Spanish BPL (broadband over power line) chipmaker DS2 in early December.
The ITOCHU English press release is ambiguous as to whether ITOCHU bought all or just a part of DS2. A Babelfish on-line translation of the Japanese press release version seems to indicate ITOCHU just bought a stake in the company. Several subsequent Spanish news articles (such as this one on the Europa Press web site) make no mention of an ITOCHU acquisition, nor does DS2's own site, so the ITOCHU investment can probably be considered a minority share in the company. Other investors include the founder and Spanish utility giant ENDESA.
DS2 expects to offer 200 Mbps versions of its' chips to BPL systems vendors this year, a big step up from its' current 45 Mbps speed.
Spain is a hotbed of BPL activity and the Spanish government is pushing utilities to make BPL available to 40% of their customers by the end of next year. ENDESA already offers BPL in the Zaragoza area and expects to begin rolling out the technology in the Barcelona area this month. Iberdrola currently offers BPL in the Madrid area and hopes to deploy it in the Valencia area soon.