Millicom Selects Harmonic to Build High-Speed Broadband Infrastructure of the Future

Rhea-AI Summary

Harmonic (NASDAQ: HLIT) partners with Millicom (NASDAQ: TIGO) to develop a cloud-based wireline broadband architecture in Latin America. Harmonic's CableOS^® solution will be deployed across nine countries, supporting Millicom's expansion goal of adding over 1 million new homes annually. This partnership aims to enhance broadband capacity and adapt to increasing internet consumption. Millicom's strategy incorporates a hybrid centralized and distributed access approach, ensuring flexibility and responsiveness to market demands.

Positive

• Strategic partnership with Millicom to enhance broadband services.
• Deployment of CableOS across nine Latin American countries.
• Millicom aims to add over 1 million new homes annually.
• Virtualized access approach enables quick network scaling.

Negative

• None.

SAN JOSE, Calif., July 22, 2020 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Millicom (NASDAQ: TIGO), a leading provider of cable and mobile services in Latin America, primarily operating under the TIGO brand, has selected Harmonic as its strategic partner to build a cloud-based wireline broadband architecture for the future. Complementing Millicom's leadership in cloud-based 5G, Harmonic will deploy its industry-leading CableOS^® virtualized access solution across nine countries in the LATAM region.

Harmonic's expertise in network virtualization guarantees that Millicom's broadband architecture is future-ready as it responds to the global trends of rapidly growing internet consumption and network traffic. By adopting a virtualized access approach, Millicom can quickly evolve and scale its network in response to accelerating customer demand, market transformations and new business opportunities.

"Latin America is undergoing a massive digital transformation, and we are proud to help lead the adoption of digital highways by delivering next-gen communication services to our communities," said Xavier Rocoplan, executive vice president, CTIO at Millicom. "Harmonic's pioneering work in virtualization and cloud-native architectures made them an obvious choice. Harmonic's CableOS solution lays the groundwork for us to quickly and economically respond to requirements for expanded broadband capacity."

Millicom will deploy Harmonic's CableOS solution in a hybrid centralized and distributed access architecture (DAA) through core software and a combination of Remote-PHY (R-PHY) nodes and shelves for unparalleled flexibility. Millicom will also deploy Harmonic's CableOS Central always-connected cloud management service to translate rich real-time network data into a higher-quality consumer experience.

"We applaud Millicom's ambitious goal of adding more than 1 million new homes passed every year, and we are thrilled to be a strategic partner on this initiative," said Gil Katz, senior vice president, Cable Access Business Operations at Harmonic. "Our CableOS solution will be instrumental in assuring Millicom's continued success as it transitions to the next generation of broadband networks, enabling efficient bandwidth scaling and a significantly reduced carbon footprint."

Further information about Harmonic and the company's solutions is available at www.harmonicinc.com.

About Harmonic
Harmonic (NASDAQ: HLIT), the worldwide leader in virtualized cable access and video delivery solutions, enables media companies and service providers to deliver ultra-high-quality video streaming and broadcast services to consumers globally. The company revolutionized cable access networking via the industry's first virtualized cable access solution, enabling cable operators to more flexibly deploy gigabit internet service to consumers' homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet cable services, Harmonic is changing the way media companies and service providers monetize live and on-demand content on every screen. More information is available at www.harmonicinc.com.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements concerning Harmonic's business and the anticipated capabilities, advantages, reliability, efficiency, market acceptance, market growth, specifications and benefits of Harmonic products, services and technology are forward-looking statements. These statements are based on our current expectations and beliefs and are subject to risks and uncertainties, including the risks and uncertainties more fully described in Harmonic's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended Dec. 31, 2019, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K. The forward-looking statements in this press release are based on information available to Harmonic as of the date hereof, and Harmonic disclaims any obligation to update any forward-looking statements.

Harmonic, the Harmonic logo and other Harmonic marks are owned by Harmonic Inc. or its affiliates. All other trademarks referenced herein are the property of their respective owners.

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SOURCE Harmonic Inc.

FAQ

What is the partnership between Harmonic and Millicom about?

Harmonic has been selected by Millicom to build a cloud-based wireline broadband architecture using its CableOS solution in nine Latin American countries.

How will Harmonic's CableOS solution impact Millicom's services?

The CableOS solution will enhance Millicom's broadband capacity and allow for scalable network evolution to meet increasing customer demand.

What is Millicom's goal regarding broadband expansion?

Millicom aims to add over 1 million new homes passed each year as part of its broadband expansion strategy.

In which regions will Harmonic's CableOS be deployed?

Harmonic's CableOS solution will be deployed across nine countries in Latin America.

What technology does Harmonic provide for Millicom's broadband architecture?

Harmonic provides its CableOS virtualized access solution, which supports a hybrid architecture for flexible network management.