The shifting strategies of French firm Netgem have long intrigued us here at Faultline. From set top manufacturer, to video software developer, to fiber operator partner, Netgem has tried it all with little financial success, mirroring the story of a lower league sports team restructuring from the darkest depths of back-to-back league relegations. Now, Netgem may finally have maneuvered its way around the changing face of video delivery with the finesse of the French national soccer team, as the company prepares to become a fully-fledged service provider. Netgem’s latest foray has seen the business acquire Comcable, a French fiber network operator through which Netgem will reinforce its Videofutur pay TV platform, including multiscreen TV and 4K set top. Last year,…