PETALUMA -- Telecommunications equipment maker Calix, Inc. (NYSE:CALX) on Tuesday said it completed the acquisition of fiber optics network access products from Sweden-based Ericsson (Nasdaq:ERIC).
Announced in August, the acquisition includes the Ericsson EDA 1500 GPON solution, which Calix said is the industry's highest in capacity and deployed by major service providers worldwide, and its complementary ONT portfolio.
Also at that time, the two companies also worked out a global reseller agreement, under which Calix becomes Ericsson’s preferred global partner for broadband access applications.
“We would like to welcome our new fiber-access customers from around the globe to the Calix family,” said Carl Russo, Calix president and chief executive officer. “The EDA1500 GPON solution expands what we believe to be the industry's most advanced fiber access solutions portfolio, and we look forward to working closely with our new customers and through our preferred partnership with Ericsson to bring Calix broadband access innovation to communications service providers worldwide.”
The price of Calix stock was $6.69 at the close of trading Tuesday, off a penny from Monday's price. Ericsson's stock price slipped 9 cents, or about 1 percent, to $8.84.