Harmonic opens its shareholding with the entry of Comcast

The cable operator is betting on businesses related to virtualized network solutions.

Harmonic has closed an agreement with Comcast Corporation that will open the cable group the possibility of acquiring shares of the manufacturer under certain conditions, which include the sales performance of its CableOS solution, the installations carried out of this solution and the sale of other products, during the time that the contract is in force.

This agreement coincides with the launch of the CableOS software solution which, under CCAP technology, aims to offer cable operators the possibility of reducing bandwidth and greater energy efficiency in their headends.

Patrick Harshman, president and CEO of Harmonic, emphasizes that "this agreement is an important validation of our new product investment strategy. We are well positioned to further strengthen our partnership with Comcast, drive new growth and create value for our shareholders."

Comcast is the largest cable television service provider in the United States, Latin America, and the largest provider of broadband Internet service and digital telephone lines in most of the global area in which it offers its services. It is based in Philadelphia, Pennsylvania and has more than 136,000 employees worldwide. Comcast is currently the largest media conglomerate in the world, followed by The Walt Disney Company, Time Warner and News Corporation.