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Midco Taps Harmonic to Fuel Next-Generation Broadband Services

1. Midco partners with Harmonic to enhance broadband with cOS platform. 2. The $500 million investment will facilitate 10 gigabit service rollout. 3. Harmonic's solutions streamline operations, reducing costs for Midco. 4. This collaboration aims to improve customer experiences. 5. Harmonic continues to lead in the broadband technology market.

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Why Bullish?

The partnership with Midco reinforces Harmonic's market leadership and growth potential, similar to past successful collaborations boosting stock performance.

How important is it?

The news announces a major contract with a significant financial commitment, directly impacting revenue and market position.

Why Short Term?

Immediate market reactions anticipated given the significant investment and technology deployment, reminiscent of prior announcements leading to quick stock upticks.

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Harmonic's cOS Platform Supports DOCSIS and Fiber, Enabling Midco to Deliver Reliable Multi-Gigabit Connectivity to Subscribers , /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Midco, a leading broadband operator in the Midwest, is leveraging Harmonic's industry-leading cOS™ virtualized broadband platform to modernize its network and deliver reliable multi-gigabit connectivity to subscribers. Harmonic's solution provides Midco with a robust network foundation to support DOCSIS and fiber services, powering the operator's $500 million Fiber Forward investment, an expansive commitment that leverages the company's robust fiber network and next-gen fiber technology to bring 10 gigabit speeds to the region. "Network evolution is central to our strategy for delivering the region's most reliable broadband services and providing exceptional customer experiences," said Bill Chatwell, senior vice president of technology at Midco. "Harmonic's virtualized broadband platform supports DOCSIS and fiber from the same solution, while offering outstanding uptime and proven performance — making them the clear choice. Our partnership with Harmonic aligns seamlessly with our vision and roadmap for growth, empowering us to expand broadband services and deliver high-speed connectivity to our customers." Midco is deploying Harmonic's cOS broadband platform in a distributed access architecture (DAA) with Pebble Remote PHY Devices and Ripple modular DAA nodes. The Ripple nodes provide Midco with a flexible solution that opens a range of options for fiber service delivery. The comprehensive Harmonic solution provides Midco with a common platform for DOCSIS and fiber services while minimizing hardware and power requirements, significantly reducing expenses. Featuring advanced telemetry, Harmonic's AI-powered cOS Central will automate workflows for Midco and offer real-time network visibility for proactive resolution of network issues. This will ensure a consistent, reliable and high-quality broadband experience for Midco subscribers. "Midco is setting a new benchmark for multi-gigabit broadband innovation in the Midwest," said Nimrod Ben-Natan, president and CEO at Harmonic. "Our collaboration demonstrates the power of virtualization to unlock faster speeds, reduce costs, simplify future upgrades and bring next-gen broadband connectivity to more communities." Harmonic is the market share leader in cable broadband equipment, virtual CMTS and DAA, according to Dell'Oro Group, the trusted source for market information about the telecommunications, networks and data center IT industries. The company's market-leading cOS platform powers next-gen broadband services through more than 35 million customer CPE devices worldwide for leading operators in North America, Europe, Latin America and Asia.  Harmonic will demonstrate the latest advancements to the cOS virtualized broadband platform at SCTE TechExpo25, Sept. 29-Oct.1 in booth H1065. To schedule a meeting with Harmonic, visit www.harmonicinc.com/scte-2025. To learn more about the company's broadband solutions, visit www.harmonicinc.com/broadband. 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 operators to more flexibly deploy gigabit internet services to consumers' homes and mobile devices. Whether simplifying OTT video delivery via innovative cloud and software platforms, or powering the delivery of gigabit internet 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.  Legal Notice Regarding Forward-Looking Statements 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, 2024, 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. About Midco Founded in 1931, Midco is a telecommunications leader redefining connectivity. We maintain market leadership by providing exceptional customer experiences using the region's most reliable-owned and operated fiber network spanning 17,000 miles. Midco services more than 1 million homes and businesses in more than 400 communities with 1,900 team members across Kansas, Minnesota, North Dakota, South Dakota and Wisconsin. Midco's mission is to be the best communications company in the country for our neighbors, team members, partners and communities. To learn more, text 64326, call 1.800.888.1300 or start a live chat with a Midco team member at Midco.com/Contact today. SOURCE Harmonic Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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