en.Wedoany.com Reported - Harmonic Inc. (NASDAQ: HLIT) announced the completion of the sale of its video business to MediaKind for $145 million in cash, officially transforming the company into a pure-play broadband innovator. The purchase consideration will be finalized based on net working capital and other customary post-closing adjustments.

The sale of the video business marks a key milestone in the company's strategic transformation, as Harmonic will now focus all its resources, capital, and operational expertise on virtualized broadband, the fastest-growing segment of its product portfolio. This transaction will bring significant capital injection to the company, strengthening its balance sheet and providing additional financial flexibility to invest in innovation, expand its customer base, and pursue growth opportunities in the broadband industry.

Nimrod Ben-Natan, President and CEO of Harmonic, stated that the completion of this transaction is a pivotal moment for the company, which now directs all its energy and capital toward the broadband sector. He noted that the company's established foothold among the world's largest operators positions it as a leader in the industry's transition to virtualized software-defined broadband networks.

According to market data from Dell'Oro Group, Harmonic holds a leading market share in cable broadband equipment, virtual CMTS, and DAA. The company's market-leading cOS™ platform delivers next-generation broadband services to leading operators in North America, Europe, Latin America, and Asia through nearly 46 million CPE devices worldwide.

Harmonic also announced that it will host an Investor Day on September 15, 2026, in New York City, where it will provide detailed insights into its core technologies, innovation, and growth prospects. The event will be held in a hybrid format, including limited in-person attendance and an online webcast.

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