Humax sets sights on residential gateway market as largest MMC shareholder
Editor | 09-07-2012
Fresh from its starring role in the YouView project, set-top box (STB) manufacturer Humax has furthered its inroads into the home by becoming the largest shareholder in residential gateway provider MMC Technology.
Established in 1997, MMC provides Wi-Fi access points and Wi-Fi modules to major Korean ISPs and navigation manufacturers, and counts on KT, SK Telecom, SK Broadband, CJ HelloVision and THINKWARE as major clients.
Humax initially invested in MMC in 2001 and by adding a further 8.8% of equity now has 21.98% of the companyís shares, making it the largest shareholder. As a result, Humax says that it will now enhance MMCís home gateway server platform and expand its presence in the residential gateway markets with US service providers, leveraging MMCís expertise in Wi-Fi and residential gateway solutions.
Humax say that its strategy is to become a leader in the market by introducing the advanced technology and expertise of MMC Technology in the home gateway server market where the existing broadcasting industry has been turning its attention to broadcasting services on broadband technology. The company then plans to expand its business to the US, Latin America, and EU markets.
Humax CEO Dae-Gyu Byun commented: "For more than 15 years, MMC Technology has accumulated and established technological expertise in the residential gateway market. This advanced know-how will become the leverage for us to find a new market for our home gateway server, which is the next generation set-top box."