Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

Furukawa Electric Buys Lucent Fiber Optic Business
Nov 2001
MURRAY HILL, N.J., Nov. 19 -- Lucent Technologies announced Friday that it has completed the sale of its Atlanta-based Optical Fiber Solutions (OFS) business to Tokyo's Furukawa Electric Co. Ltd.

Lucent will receive $2.3 billion from Furukawa for the major portion of the business, $225 million less than originally agreed. As announced on July 24, Furukawa and CommScope will form a venture to operate a portion of the OFS business.

In a separate agreement also announced July 24, Corning is purchasing the remaining portion of Lucent's OFS business, which consists of interest in two joint ventures in China -- Lucent Technologies Shanghai Fiber Optic Co. Ltd. and Lucent Technologies Beijing Fiber Optic Cable Co. Ltd. Corning will pay Lucent $225 million for its interests in these businesses. This transaction is subject to various approvals, including Chinese governmental approval.

fiber opticsNews & Features

Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2019 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.