$6.060
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VISN News
VISN Events
Vistance Networks Authorizes Additional $150M Share Repurchase Program
Vistance Networks has authorized an additional $150M for its share repurchase program. The share repurchase program does not obligate the company to acquire any particular amount of common stock and may be suspended, modified, or discontinued at any time without prior notice.
Aurora Networks Partners with Adara Technologies for Strategic Collaboration
Aurora Networks, a Vistance Networks business, and Adara Technologies announced a strategic partnership to deliver hosted and managed Distributed Access Architecture and Passive Optical Networking platforms designed to accelerate deployment of next-generation multi-gigabit broadband services. The Aurora Networks portfolio of DAA and PON solutions is also now accessible through Adara Technologies. "This collaboration provides operators with a practical path to next-generation broadband services," said Craig Coogan, CTO and vice president, product & strategy, Aurora Networks. "By combining Aurora Networks' robust portfolio of cable and fiber access network technologies, including both software and hardware solutions, with Adara's cloud-native hosted management capabilities, we are enabling scalable, resilient and cost-effective migration to next-generation multi-gigabit broadband architectures for service providers of every size."
Liberty Puerto Rico Expands Aurora Networks' Network Architecture
Aurora Networks, a Vistance Networks business, announced that Liberty Puerto Rico has expanded its hybrid fiber-coaxial network architecture with the deployment of Aurora Networks' RD2322 operating as Remote MACPHY in the NC4000 optical node. "This network enhancement underscores our commitment to delivering an enhanced broadband experience for customers across Puerto Rico, supported by capabilities that will enable speeds of up to 10 Gbps," stated Chuck Page, VP Technical Operations, Liberty Puerto Rico. "By boosting capacity and responsiveness, we are delivering more reliable performance today while paving the way for next-generation, higher-speed services."
Vistance Networks Closes RUCKUS Networks Sale, Expects Net Proceeds of $1.75B
Vistance Networks (VISN) announced the closing of the transaction to sell its RUCKUS Networks business to Belden Corporation (BDC). The Company previously announced the signing of a definitive agreement for the transaction on April 30. After paying taxes, fees and expenses associated with the transaction, the Company expects to receive net proceeds of approximately $1.75B. The Company expects to distribute a significant portion of the net proceeds to shareholders as a dividend within 60 days of transaction closing. The exact amount and timing of the distribution will be determined by the Board after taking into account all relevant factors.
Belden Completes Acquisition of RUCKUS Networks
Belden (BDC) announced that it has completed its acquisition of RUCKUS Networks from Vistance Networks (VISN). RUCKUS' leading enterprise networking portfolio, including industry-leading Wi-Fi, enterprise switching capabilities and AI driven network management platforms, make Belden a preeminent provider of complete, end-to-end IT/OT networking solutions. The acquisition materially expands the combined organization's addressable market and capitalizes on a significant industrial opportunity while delivering compelling enhancements to Belden's financial profile.
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