Harmonic agrees warrant deal with Comcast

Harmonic has agreed a deal with Comcast that will enable the US operator to buy common stock shares in Harmonic based on specific product sales.

The warrant agreement is based on CableOS and other Harmonic sales and deployment milestones during the term of the deal.

Harmonic president and CEO, Patrick Harshman, described the agreement as a “significant validation of our new product investment strategy”.

“We are well positioned to further strengthen our partnership with Comcast, drive new growth and create value for our stockholders.”