The Fantastic Corporation Announces A Strategic Deal With Deutsche Telekom For Broadband Multimedia Distribution Services Across Germany
In a major strategic step to accelerate the launch of next generation broadband multimedia services, Deutsche Telekom has licensed The Fantastic Corporation's broadband multimedia distribution technology across its satellite, cable, DSL, and digital terrestrial networks. Deutsche Telekom is Europe's largest Telco and 3rd largest worldwide.
Deutsche Telekom will initially use Fantastic's technology to launch new broadband services targeting business communication market. This will enable a whole new breed of multimedia-rich online applications for e-commerce and transactions.
The agreement includes licensing and integration of Fantastic's broadband ‘Channel Management Centers' (CMCs), and development of a business-to-business broadband portal which supports Deutsche Telekom's billing and e-commerce strategy.
"Our strategic partnership with Fantastic will enable us to rapidly roll out new broadband business communication services throughout Germany, followed by consumer services over our broadband networks. This is a leap forward for our telecommunications and e-business, and enables new broadband services for Deutsche Telekom's business customers" said Prof. Knut Foeckler, Deutsche Telekom.
"We are proud and excited to be Deutsche Telekom's partner for their new multi-platform broadband strategy. The broadband market is accelerating, and we are honored by this commitment to our technology by Deutsche Telekom" said Reto Braun, CEO of The Fantastic Corporation.