Harmonic completes $145 million video unit sale

• Harmonic (NASDAQ:HLIT) successfully finalized the sale of its Video Business segment to MediaKind for $145 million in cash.
• The transaction completes Harmonic's strategic pivot to become a pure-play broadband company, focusing exclusively on its virtualized software-defined network solutions.
• The company will utilize the capital infusion to strengthen its balance sheet and accelerate investment in its core virtualized broadband segment.

Harmonic (NASDAQ:HLIT) announced the successful completion of the sale of its Video Business to MediaKind on June 17, 2026, marking a major transformation for the organization.

The divestiture allows Harmonic to concentrate its operational expertise, resources, and capital on its virtualized broadband segment, which represents the fastest-growing part of its business.

This strategic move provides Harmonic with significant financial flexibility, allowing the firm to expand its customer base and pursue new growth opportunities within the broadband infrastructure industry.

The company is now positioned to leverage its cOS platform, which currently supports broadband services for nearly 46 million customer premises equipment (CPE) devices globally, to further expand into both HFC and fiber-to-the-premises (FTTP) network markets.