Humax acquires majority stake in MMC Technology

South Korean set-top box manufacturer Humax has acquired a large stake in residential gateway provider MMC Technology, also from the democratic end of the Korean peninsula.

MMC Technology provides Wi-Fi access points and Wi-Fi modules to South Korea’s major ISPs, including KT, SK Broadband and SK Telecom, and also to Korean cable TV operator CJ HelloVision.

Humax first gained a slice of the company in 2001, and following the recent acquisition of another 8.8% in the company, now owns 21.98% of its shares, making it the largest shareholder.

Humax now plans to enhance MMC’s home gateway server platform and expand its presence in the residential gateway markets with US service providers, before turning its attention to Latin America and Europe.

Humax was recently confirmed as the manufacturer of the first set-top boxes compatible with the UK’s connected TV platform ‘YouView’ – more details here.

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