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PI Physik Instrumente - Fast Steering LB LW 11/24

Lucent Sells Optical Fiber Businesses

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Stephanie A. Weiss

Several months after rumors about Lucent Technologies Inc. trying to dump its optical fiber operations, three companies have carted off pieces of the business for $2.75 billion. Furukawa Electric Co. Ltd. of Tokyo will pay $2.525 billion for the bulk of the Optical Fiber Solutions business, which it will run in a joint venture with CommScope Inc. of Hickory, N.C. Furukawa's payment to Lucent may include as much as $250 million in CommScope stock. The third buyer, Corning Inc. of Corning, N.Y., is paying $225 million in cash for interest in two Chinese joint ventures in Shanghai and...Read full article

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    Published: September 2001
    BusinessCommunicationsfiber opticslight speed

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