Ericsson : Ericsson sells its EDA 1500 GPON assets
(firmenpresse) - STOCKHOLM, SWEDEN -- (Marketwire) -- 08/22/12 --
Ericsson (NASDAQ: ERIC) today announced the sale of its EDA 1500 GPON
portfolio
to U.S.-based broadband access systems and software supplier Calix, Inc.
(NYSE: CALX). The deal allows Ericsson to focus on end-to-end solutions for
4th
generation IP and mobile broadband.
The negative impact on operating income of estimated SEK 400 million in the
fourth quarter 2012 will be equally split between cost of sales and
operating
expenses, without any significant cash impact. The transaction is subject
to the
finalization of transition services agreements and customary closing
conditions.
Ericsson's capital assets expected to be included is the Ericsson EDA 1500
GPON
solution and its complementary ONT portfolio. Also included in the
agreement is
the transfer of approximately 60 North American employees, as well as the
transition and ongoing support of the acquired products from Ericsson to
Calix.
The companies have also signed a global re-seller agreement, effective at
the
close of this transaction, that allows the expanded Calix Unified Access
portfolio of systems and software to be sold as Ericsson's preferred fiber
access solution in 180 countries worldwide. This allows Ericsson to
continue to
provide fiber and copper access products as part of end-to-end solutions
for
fixed and mobile operators.
As Ericsson's preferred global partner for fiber access applications, Calix
will
provide maintenance and support for Ericsson's installed fiber access base
and
assure that all commitments to existing EDA 1500 GPON customers are held.
Additional details of the transaction were not disclosed.
NOTES TO EDITORS
ABOUT CALIX
Calix (NYSE: CALX) is a global leader in access innovation. Its Unified
Access
portfolio of broadband communications access systems and software enables
communications service providers worldwide to be the broadband provider of
choice to their subscribers. For more information, visit the Calix website
at
.
Ericsson discloses the information provided herein pursuant to the
Securities
Markets Act and/or the Financial Instruments Trading Act. The information
was
submitted for publication on August 22 at 10.02 PM CET.
Ericsson sells EDA 1500 GPON assets PDF:
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Source: Ericsson via Thomson Reuters ONE
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FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail:
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail:
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Datum: 22.08.2012 - 20:56 Uhr
Sprache: Deutsch
News-ID 176952
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Kategorie:
Telecommunication Equipment
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