Monday, February 22, 2016

MRV Gets More From Tecnonet Sale

Chatsworth-based optical networking equipment provider MRV Communications said the price of its sale of Tecnonet S.p.A. has increased, and that it has received an additional $4.8M in the sale. The deal now amounts to $26.4M. According to MRV, the payment relates to an intercompany obligation. MRV Communications sold the Italian subsidiary to Maticmind S.p.A.. The deal had originally been announced on December 3rd, 2015.