SAN JOSE, CALIF. —Harmonic Inc. has sold its Cable Access HFC business to Aurora Networks, Inc. for $46 million in cash.
The company first announced the agreement Feb. 19.
The acquisition will strengthen Aurora’s position in the optical transport market.
Harmonic Inc. (NASDAQ: HLIT), the worldwide leader in video delivery infrastructure, announced today it has completed the sale of its Cable Access HFC business to Aurora Networks, Inc. for $46 million in cash. Harmonic announced its agreement to sell the business to Aurora Networks on Feb. 19.
Harmonic today announced it has reached an agreement to sell its Cable Access business to Aurora Networks, Inc. for $46 million in cash.
The company sells its optical transmission equipment business to Aurora Networks in $46M deal.
Harmonic Inc. (NASDAQ: HLIT), the worldwide leader in video delivery infrastructure, announced today it has reached an agreement to sell its Cable Access business to Aurora Networks, Inc. for $46 million in cash. The transaction is subject to customary closing conditions and is expected to be completed by the end of the first quarter of 2013. In addition, consistent with ongoing efforts to review its capital structure and to deliver value to all its stockholders, Harmonic's Board of Directors has approved an increase to its current share repurchase program to include the net, after-tax cash proceeds from this transaction of approximately $35 million, contingent upon its closing.
Harmonic’s EdgeQAM and Converged Cable Access Platform (CCAP) products are not part of the sale.
Harmonic and WISI Communications have joined forces to develop next generation cable access technology for cable operators.
Device allows cable operators to push their fiber networks far beyond the traditional hub/headend infrastructure.
armonic video delivery infrastructure, today announced that it is launching a new Converged Cable Access Platform and optical transmitters at the SCTE Cable-Tec Expo, Oct. 17-19, in Orlando, Fla., at booth 2635.