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Broadcom buys fibre networking firm BroadLight

Posted: 23 Mar 2012     Print Version  Bookmark and Share

Keywords:Passive Optical Network processor  acquisition 

Chip maker Broadcom Corporation has signed a definitive agreement to acquire BroadLight, Inc., a provider of fibre access PON (Passive Optical Network) processors, for Rs.965.35 crore ($195 million).

The company will pay additional Rs.49.50 crore ($10 million) to holders of BroadLight capital stock upon satisfaction of certain performance goals.

Broadcom said the acquisition will help the company expand its broadband access portfolio to support customer requirements for rolling out next-generation fibre networks worldwide.

"The need for increased bandwidth for IPTV services, HDTV broadcasting and high speed Internet access are driving momentum for deploying fibre networks," said Dan Marotta, executive vice president and general manager, Broadcom's Broadband Communications Group.

"Combining BroadLight's PON solutions with the strength of Broadcom's broadband access portfolio will enable us to offer a complete, end-to-end solution for customers – from OLT at the central office to CPE at the home."

The transaction is expected to close in Broadcom's second quarter of 2012 and remains subject to customary closing conditions.

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