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Nortel Networks Acquires Photonic Technologies

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TORONTO, May 24 -- Nortel Networks bought the remaining two-thirds of Photonic Technologies for approximately $35.5 million (US) in cash. Nortel acquires the Australian company after an initial investment for a third of the company two years earlier. According to Nortel the move will strengthen its position as the industry moves from 10-Gb/sec. systems to 40- and 80-Gb/sec. systems. Photonic Technologies develops optical components that control the polarization of light. Its circulators and dynamic gain flattening filters are important components in high-speed optical networks and Dense...Read full article

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    Published: May 2000
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