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Lucent Considers Options Concerning Future of Optical Fiber Solutions Business

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MURRAY HILL, N.J., March 15 -- Lucent Technologies announced that it is considering a variety of options for its Atlanta-based Optical Fiber Solutions business, including an outright sale. Lucent is also considering forming a joint venture for the business unit.
    The news comes on the heels of Lucent's massive restructuring plan, designed to cut expenses by as much as $2 billion. The seven-point restructuring plan, outlined in January, includes laying off 10,000 workers. Lucent's fiber business has about 6300 employees and is in the midst of a $1 billion expansion program to try to meet demand.
    The French counterpart to Lucent, Alcatel, and manufacturing giant Tyco International are potential bidders for Optical Fiber Solutions, according to Reuters.
Mar 2001
industrialNews & Features

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