C-COR.net said Monday it closed its deal to acquire a portion of ADC
Telecommunications Inc.'s cable assets over the weekend for roughly $32 million
in cash and $400,000 in assumed debt.
Originally struck on July 9, the agreement fattens C-COR.net hybrid-fiber
coax transport product base with portfolio with ADC's Optiworx family of modular
headend and outdoor-node equipment and its line of DV 6000 and DV 6400a
digital-video transport products. C-COR.net also assumes control of ADC's
facilities in Meriden, Conn., Buenos Aires and Klagenfurt, Austria.
Also part of the deal is John Caezza, vice president and general manager of
ADC's broadband communications division. He now holds the same title at
C-COR.net's telecommunications equipment group.
The closing of the deal also moves ADC out of the HFC transport business. ADC
still retains a range of Internet-protocol-based, data over cable gear such as
its Cuda 12000 IP Access Switch and HomeWorx line of cable telephony equipment.