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Ericsson Sells GPON Assets to US Firm - Transfers 60 Staff to New Company
Published on:
Ericsson has announced the sale of its EDA 1500 GPON portfolio to USA-based broadband access systems and software supplier Calix.
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.
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 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.
Tags: [ericsson] [calix] [gpon] [USA]
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