SAN FRANCISCO—Chip vendor Broadcom Corp. said Wednesday (March 21) it signed a definitive agreement to acquire Broadlight Inc., a provider of fiber access passive optical network (PON) processors, for $195 million in cash.
Broadcom (Irvine, Calif.) said it would also pay up to $10 million in cash to holders of BroadLight capital stock if certain performance goals are achieved.
Broadcom said the addition of Broadlight, which is based in Santa Clara, Calif., but also has operations in Israel, would expand its broadband access portfolio to support customer requirements for rolling out next-generation fiber networks worldwide.
Reports of Broadcom acquiring Broadlight for around $200 million
first surfaced in the Israeli press more than three months ago. "The need for increased bandwidth for IPTV services, HDTV broadcasting and high speed Internet access are driving momentum for deploying fiber networks," said Dan Marotta, executive vice president and general manager of Broadcom's Broadband Communications group, in a statement. "Combining BroadLight's PON solutions with the strength of Broadcom's broadband access portfolio will enable us to offer a complete, end-to-end solution for customers—from OLT at the central office to CPE at the home."
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