Harmonic completed the sale of its video business to MediaKind for $145 million in cash, ending its exposure to that segment and leaving the company focused entirely on broadband.
The transaction gives Harmonic a cash infusion of $145 million, subject to net working capital and other customary post-closing adjustments. The company said the deal strengthens its balance sheet and gives it more room to invest in broadband expansion and innovation.
With the divestiture closed, Harmonic said it is now a pure-play broadband company. It is shifting resources, capital and operating focus to its virtualized broadband segment, which the company described as its fastest-growing business.
Chief Executive Nimrod Ben-Natan said Harmonic will now direct “full focus and capital toward broadband,” pointing to its position with large operators and the industry’s move toward virtualized, software-defined broadband networks.
Harmonic also said it will hold an investor day in New York on Sept. 15, 2026.
The company highlighted its broadband footprint, saying its COS platform powers next-generation broadband services through nearly 46 million customer premises equipment devices worldwide. Today the company's shares have moved 1.15% to a price of $14.97. If you want to know more, read the company's complete 8-K report here.
