Calix, a California-based supplier of telecommunications access equipment for service providers has agreed to purchase its competitor, Occam Networks.
The deal is a cash and stock transaction valued at US$117m, or $7.75 a share, which signifies a 47%…
Calix, a California-based supplier of telecommunications access equipment for service providers has agreed to purchase its competitor, Occam Networks.
The deal is a cash and stock transaction valued at US$117m, or $7.75 a share, which signifies a 47% premium on Occam?s closing price on October, 15.
Calix’ largest customer is Century Link, a fast-growing U.S. regional carrier that is buying Qwest Communications.
Representatives from neither Calix nor Occam Networks were available for comment at the time of going to press.
