July 9, 2008
Japan’s NEC Corp and Sumitomo Electric Industries said on Tuesday they would buy a Japanese submarine cable maker from an investment fund managed by the Longreach Group to secure a stable supply of optical cables. NEC, which is betting on growing demand for fiber-optic connections, plans to take about 75 percent of OCC Corp’s holding company, with Sumitomo Electric taking the remaining 25 percent. Both firms declined to comment on the price of the deal, to be completed later in July. Longreach bought restructuring OCC from the state-owned turnaround fund Industrial Revitalization Corp of Japan in 2006. In 2004, the IRCJ had invested 1.5 billion yen in OCC, as well as taken on its 12.1 billion yen in debt, of which 8.08 billion yen was forgiven by creditors. OCC had sales of 17.5 billion yen in the year ended in March and is now in the black, NEC spokesman Takehiko Kato said. NEC, which holds a 20 percent share of the global undersea cable market, hopes the acquisition will help it expand its cable sales to Tyco and Alcatel-Lucent , which each hold about a 40 percent market share.
No Comments » |
Fibre Optic News, Subsea & Underwater |
Permalink
Posted by thecabledirectory
June 6, 2008
Fushi Copperweld,Inc. the leading global manufacturer of bimetallic wire used in a variety of telecommunication, utility, automotive and other electrical applications, today announced the hiring of Dwight Berry to the newly created position of Vice President of Commercial Development, effective immediately.
Read the rest of this entry »
No Comments » |
Cable & Wire News, Fibre Optic News |
Permalink
Posted by thecabledirectory
May 22, 2008
Eurocabel-1, a leading Russian optical cable manufacturer, today announces that its business partnership with world-leading designer and manufacturer of optical fiber, OFS, has reached an impressive milestone in optical fiber purchased. The quantity of optical fiber purchased by Eurocabel-1 from OFS has now exceeded a stunning 1 million kilometers.
Read the rest of this entry »
No Comments » |
Cable & Wire News, Fibre Optic News |
Permalink
Posted by thecabledirectory
May 9, 2008
A NISGA’A telecommunications company is going to install a fibre optic line up to the Nass Valley, opening the area up to the kind of high speed information access to the world that is needed to support and grow its economy. enTel has already installed 250km of fibre optic line through three communities in the Nass Valley but now needs a line south to hook up to a Telus connection to make huge amounts of broadband width available to businesses, homes, schools, health care facilities and government agencies.
Read the rest of this entry »
No Comments » |
Fibre Optic News |
Permalink
Posted by thecabledirectory
April 23, 2008
Molex, a leading structured cabling system manufacturer, is pleased to announce the expansion and global launch of the ModLinkTM Advanced Fibre Optic Plug and Play product line. Now in its fourth generation, the ModLink Plug and Play fibre optic family of solutions was one of the first plug and play solutions to be introduced to the industry. The new range will be available throughout the UK via Molex distribution from May 2008.
Read the rest of this entry »
No Comments » |
Fibre Optic News |
Permalink
Posted by thecabledirectory