MRV Communications (MRVC) Reports Q2 EPS of $0.03; Enters Agreement to Sell Tecnonet
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Go back to MRV Communications (MRVC) Reports Q2 EPS of $0.03; Enters Agreement to Sell Tecnonet
August 10, 2015 4:08 PM EDT
Growth of New Products in Network Equipment and Increased Operating
Efficiencies Deliver Operating Income of $803,000
Executing Strategy to Focus on Packet and Optical Networking
Solutions with Sale of Network Integration Business
CHATSWORTH, Calif.--(BUSINESS WIRE)--
MRV Communications (NASDAQ: MRVC), a global
provider of packet and optical networking solutions, reported... More
August 10, 2015 4:03 PM EDT
Executing Strategy to Capitalize on Growing Opportunities for
Network Equipment Business
To Hold Conference Call Following Quarterly Earnings Release on
August 10 at 5:00 p.m. ET
CHATSWORTH, Calif.--(BUSINESS WIRE)--
MRV Communications (NASDAQ: MRVC), a global provider of packet and
optical networking solutions, entered into an agreement on August 7,
2015 to sell Tecnonet S.p.A., its Network Integration subsidiary based
in Rome, Italy, to Maticmind S.p.A. based in Milan, Italy for total
consideration of 19.7 million or approximately $21.4 million based on
the current exchange rate of 1.09 USD/.... More
