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Calix (CALX) +3% AH after announcing it's buying Ericsson's (ERIC) fiber access equipment...
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Wednesday, August 22, 2012, 4:51 PM ETCalix (CALX) +3% AH after announcing it's buying Ericsson's (ERIC) fiber access equipment division and forming a reseller agreement with the company. Calix, which expects the deal to be accretive to EPS, claims Ericsson's division offers the industry's highest-capacity GPON fiber solution. Infonetics' Jeff Heynen notes the deal will allow Calix, currently focused on North America, to expand into emerging markets; his firm previously called Ericsson a top-3 GPON vendor.
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