Intel buys Egyptian communications startup

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By eeNews Europe

The acquisition was done through a standalone business entity Intel Mobile Communications, formerly the mobile business unit of Infineon Technologies AG, but the price of acquisition was not disclosed.

Intel Mobile Communications is part of Intel’s strategy to participate in a variety of device and market segments, including laptops, cars, smart phones, tablets and TVs.

"The acquisition of engineering and design talent from an Egypt-based company in the field of cutting-edge wireless and communication technology is the first of its kind for Intel in the Middle East," said Arvind Sodhani, president, Intel Capital and executive vice president, Intel.

"Intel is making the necessary investments to further enhance its existing world-class wireless product portfolio and to offer the most reliable platforms to our customers that will work seamlessly across a range of global networks," said Hermann Eul, president of Intel Mobile Communications, in a statement. "The acquisition supports this strategy and we believe that Sysdsoft’s proven and experienced engineering team, combined with Intel Mobile Communications’ existing wireless strength, positions us well for continued growth in LTE."


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