Aurora Buying Harmonic Cable Access Biz

Feb. 19, 2013
Aurora Networks is acquiring the assets of Harmonic's (NASDAQ:HLIT) cable optical transmission equipment business for $46 million. The transaction is subject to customary closing conditions and is expected to be completed by the end of the first quarter of 2013....
Aurora Networks is acquiring the assets of Harmonic's (NASDAQ:HLIT) cable optical transmission equipment business for $46 million. The transaction is subject to customary closing conditions and is expected to be completed by the end of the first quarter of 2013.The Harmonic cable access portfolio being sold to Aurora includes optical transmitters, amplifiers, receivers and nodes. Harmonic is retaining its video production and playout, video processing, and cable edge product businesses.