Meriton Networks has acquired Mahi Networks for an undisclosed sum (USD $4 M or less as speculated in the Lightreading comments). A thorough analysis is given in the Lighreading article. However, the combined company will still not be a top 3 player in the Metro DWDM, CWDM, ROADM market, so hopes of recovering the $100’s of millions of combined investment in Meriton, Mahi, Photuris (acquired by Mahi) are slim.