ANT halves losses, enters France Telecom

March 2, 2009 | 11:21 UK

Cambridge-based IPTV software developer ANT has halved its losses, on revenues of £3.7million (€4.2 million), some 29% higher than 2007. The company reported a £1 million loss, though a £600,000 gain was made through favourable currency movements.

The ANT Galio Browser has been picked up by France Telecom, as part of its new SoftAtHome platform, and included in new receivers manufactured for the network by Samsung and Thomson.

“2008 saw a significant increase in our licensing business, with our licensees continuing to ship in increasing volumes,” said Royston Hoggarth, non-executive chairman, ANT plc. “We are a high margin business servicing a long term growth market and our software, which has been designed specifically for the TV market, has achieved significant market share that we are looking to grow. Our business model is robust and we look forward to delivering another year of progress.”

The company believes it can take advantage of the emerging demand for hybrid devices that combine broadcast reception with IPTV connectivity.