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Calix to buy fibre access assets from Ericsson

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CIOL Bureau
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NEW YORK, USA: Telecom Equipment maker Calix Inc has agreed to buy a technology for transmitting internet data from peer Ericsson that would help it expand its presence in the market for internet television.

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The sale includes Ericsson's EDA 1500 GPON solution that is used for transmitting high-bandwidth data between users for services like internet television over a fibre-optic network.

The two companies did not disclose any financial details of the deal. Ericsson said it expects fourth-quarter operating income to be hurt by 400 million Swedish crowns ($58.39 million).

Calix expects the deal to close in the fourth quarter of this year after which it would add to its adjusted earnings. Ericsson and Calix also signed a pact under which Ericsson will sell Calix's broadband access network in 180 countries, the two companies said.

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