Intel Sinks $20 Million Into @Home Nederland
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An Intel spokesman declined to specify what portion of @Home the $20 million brings Intel, but it will only be a minority stake. The Dutch language high-speed Internet service is a joint venture between @Home and Dutch cable operators Edon/CasTel and Palet Kabelcom.
Intel will jointly develop technology and marketing initiatives with @Home and its Dutch cable affiliates. The collaboration is expected to speed @Home's services to CasTel's and Palet's combined 1.4 million households, which accounts for over 20 percent of Dutch homes.
Intel declined to reveal whether it will take further stakes in @Home, saying only that the proposed investment is in line with its desire to promote the international deployment of broadband services.
"Intel's proposed involvement in @Home Nederland will bring a tremendous boost to our plans to bring state-of-the-art broadband online services to Dutch and Belgian customers," said John O'Farrell, @Home's senior international vice president. "We very much welcome Intel's involvement, which will help us establish our service as the clear broadband leader in the Netherlands and Belgium."
"We believe the cable infrastructure is the vehicle of choice for offering a full range of voice, video and Internet services to consumers in the home," said Jos Burger, senior vice president of Palet Kabelcom. "With Intel's proposed investment, @Home Nederland is uniquely positioned to be the premier driver of high-speed cable Internet services in the Netherlands."