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February 4, 1997updated 05 Sep 2016 1:08pm

SIEMENS BUYS 5% OF BROADBAND IN MULTIMEDIA DEAL

By CBR Staff Writer

Siemens AG is impatient to get its multimedia effort moving, and to further its ambitions, it has bought a 5% stake, with an option on another 5% in Canadian firm Broadband Networks Inc, in which Newbridge Networks Inc is already a 15% shareholder, to seal a joint research project aimed at developing wireless video and data networks. The price was not disclosed. The two aim to develop high bandwidth transmission technology to enable digital television, Internet access and interactive video to be carried over cellular networks. Siemens already markets the Newbridge Asynchronous Transfer Mode kit.

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