Millicom Accelerates Fiber Deployments with Harmonic
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The deployment of Harmonic's XGS-PON FTTH technology by Millicom represents a significant advancement in telecommunications infrastructure within Latin America. This strategic move allows Millicom to leverage existing network assets while enhancing service offerings with higher bandwidth capabilities. The XGS-PON (10 Gigabit-capable Symmetric Passive Optical Network) technology enables symmetrical upload and download speeds, which is critical for applications requiring high data throughput such as cloud services, streaming and remote work. This deployment could potentially increase Millicom's competitive edge in the region, as high-speed internet access is a key differentiator in attracting both residential and enterprise customers.
Furthermore, the introduction of advanced telemetry and real-time network analytics through cOS Central is poised to optimize network performance and customer experience. These technological enhancements are likely to lead to improved operational efficiencies and customer satisfaction, which in turn could reflect positively on Millicom's customer retention rates and revenue growth. The scalability of Harmonic's solution may also enable Millicom to expand its services more rapidly and at a lower cost than traditional network upgrades, which is particularly important in emerging markets where cost efficiency is paramount.
From a financial perspective, Millicom's investment in Harmonic's hybrid fiber-cable solution is an indicator of the company's commitment to capital expenditures aimed at long-term growth. The adoption of this technology is likely to initially increase capital outlays; however, the operational efficiencies gained and the potential for increased market share in a high-demand sector could result in a favorable return on investment over time. Investors should monitor the uptake of these new high-speed services and the impact on Millicom's average revenue per user (ARPU), as well as any changes in operational costs associated with the deployment of the new technology.
Additionally, the partnership with Harmonic may influence investor sentiment towards both companies. For Harmonic, the expansion of its partnership with Millicom could be seen as a validation of its technology and its position in the market, potentially impacting its stock performance. For Millicom, successful deployment and market acceptance of the new FTTH services could enhance its reputation as a technology leader in the region, potentially affecting its valuation and stock price.
Assessing the market impact, the introduction of high-speed fiber broadband services by Millicom is likely to alter the competitive landscape in the telecommunications sector in Latin America. As internet penetration continues to grow and the demand for high-speed connectivity increases, especially in the wake of remote work trends and digital transformation, Millicom's move positions it well to capture a larger market share. This could pressure competitors to accelerate their own network upgrades to keep pace, potentially leading to a wave of infrastructure investments across the region.
Market research indicates a strong correlation between broadband speed and user satisfaction, which suggests that Millicom's focus on delivering faster and more reliable broadband experiences could lead to higher customer loyalty and attract new subscribers. The ability to offer differentiated services, such as ultrahigh-speed broadband for enterprise accounts, could also open up new revenue streams for Millicom and contribute to the growth of the digital economy in Latin America.
Millicom Leverages Harmonic's Unique Hybrid Fiber-Cable, Node-Based Solution to Offer High-Speed Fiber to the Home Broadband
"Adding fiber services with the Harmonic fiber solution enables us to ensure faster, reliable broadband experiences that delight our residential subscribers while simultaneously giving us the flexibility to offer ultrahigh-speed fiber broadband for enterprise accounts," said Fabio Mando, Chief Technology Officer at Millicom. "With Harmonic's platform, we simplify management of fiber and cable networks, increase speeds available to our customers and accelerate time to market of broadband services."
Harmonic's Ripple hybrid fiber-cable nodes, powered by the Jetty hardened switch and Fin SFP+ OLT modules, enable Millicom to augment existing nodes to strategically and quickly deploy FTTH while continuing to deliver DOCSIS services. Advanced telemetry via cOS Central's real-time network analytics provides Millicom powerful new insights and actionable recommendations for optimal system performance.
"We're excited to broaden our partnership with Millicom and further support their business growth," said Nimrod Ben-Natan, Senior Vice President and General Manager, Broadband Business at Harmonic. "With the cOS platform and Harmonic's hybrid nodes, Millicom can fast-track cost-effective deployment of new high-speed fiber broadband across
Harmonic's Emmy Award-winning cOS virtualized core powers next-gen broadband services to more than 26 million homes for 108 service providers worldwide, including leading operators in the
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 broadband 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 broadband networking via the industry's first virtualized broadband 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, 2023, 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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