C-COR.net to Purchase ADC Cable Assets
C-COR.net will purchase certain assets of ADC Telecommunications' cable product portfolio for $32 million and the assumption of certain liabilities. The assets being purchased include those from ADC's Broadband Communications division, located in Meriden, Conn.; Buenos Aires, Argentina; and Klagenfurt, Austria. The transaction should be completed by the end of this month.
Upon completion of the purchase, the assets will become part of C-COR.net's Telecommunications Equipment Group. John Caezza, VP/GM of ADC's Broadband Communications Division, will become VP/GM of C-COR.net's Telecommunications Equipment Group.
The ADC Broadband Communications Division provides digital video transport and HFC transport products to deliver analog and integrated digital services to cable, telco and broadcast customers.