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Alcatel, Draka to Merge Businesses

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PARIS, Feb. 12 -- Alcatel and Amsterdam-based Draka announced they intend to combine their global optical fiber and communication cable businesses into a jointly owned company. Under their agreement, Draka would own 50.1 percent of the new company and Alcatel would own 49.9 percent. Through the combination of Alcatel's assets with Draka's interest in Chinese optical fiber and fiber cable manufacturer YOFC would make the new company "the undisputed number one in China in fiber and fiber cables," Alcatel said, and it "would also be a leader in Europe and a major player in North America." Draka...Read full article

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    Published: February 2004
    CommunicationsNews & Features

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