MRV Communications (MRVC) Reports Q2 EPS of $0.03; Enters Agreement to Sell Tecnonet
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MRV Reports Second-Quarter 2015 Results
August 10, 2015 4:08 PM EDTGrowth 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
MRV Agrees to Sell Tecnonet S.p.A.
August 10, 2015 4:03 PM EDTExecuting 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
