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, Corning Buy Lucent's Fiber Division
Jul 2001
TOKYO, July 26 -- Furukawa Electric Co. and Corning Inc. said they would buy Lucent Technologies Inc.'s fiber optic cable division for $2.75 billion. Furukawa said it will pay $2.525 billion and Corning will pay $225 million in cash and also receive Lucent's interests in two Chinese joint ventures. The deal is expected to close by the end of September.

The sale, announced simultaneously in the US and Japan, also includes a deal between Furukawa and high-speed broadband access cable maker CommScope Inc. to enter into one or more joint ventures to operate the newly acquired fiber optic unit. Up to $250 million of Furukawa's payment to Lucent may be in CommScope securities.

fiber opticsNews & Features

Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 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.