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Furukawa Electric Buys Lucent Fiber Optic Business

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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...Read full article

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    Published: November 2001
    fiber opticsNews & Features

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