Calix to Buy Ericsson Fiber Access Assets

Calix (NYSE:CALX) and Ericsson (NASDAQ:ERIC) announced the signing of a definitive agreement under which Calix will acquire Ericsson's fiber access assets. The two companies also announced that they have signed a global reseller agreement, under which Calix will become Ericsson's preferred global partner for broadband access applications.Ericsson's fiber access assets expected to be included are the Ericsson EDA 1500 GPON solution and its complementary ONT portfolio. The agreement also calls for Calix to offer employment for up to 61 U.S.-based employees of Ericsson, as well as the transition of ongoing support of the acquired products from Ericsson to Calix. The acquisition transaction is expected to close in the fourth quarter of 2012.