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Avago agrees to sell optical modules business to Foxconn Interconnect Technology

September 30, 2015

On the heels of agreeing to acquire communications semiconductor supplier Broadcom Corp. (NASDAQ:BRCM), Avago Technologies Ltd. (NASDAQ:AVGO) has moved to streamline its operations by selling its optical modules business to Foxconn Interconnect Technology Ltd. (FIT). FIT is a wholly owned subsidiary of Hon Hai Precision Industry Co. Ltd. Terms of the deal are unknown.

Mellanox agrees to buy EZchip

September 30, 2015

Interconnect supplier Mellanox Technologies, Ltd. (NASDAQ: MLNX) says it has agreed to purchase network processor unit (NPU) pioneer EZchip (NASDAQ: EZCH; TASE: EZCH). Mellanox has offered $25.5 per share in cash for all of EZchip's common shares, creating a transaction value of approximately $811 million (approximately $620 million net of cash).

Shaygan Kheradpir new Coriant chairman and CEO

September 29, 2015

There's change at the top of optical transport systems vendor Coriant, which has named Shaygan Kheradpir CEO and chairman of the board. The former Juniper Networks CEO replaces Pat DiPietro, who will return to being an operating partner at Coriant's owner, Marlin Equity Partners. He'll also serve as vice chairman of Coriant.

GigOptix to buy transmission silicon developer Terasquare

September 23, 2015

GigOptix, Inc (NYSE MKT:GIG) has wasted no time committing some of the funds it recently raised for acquisitions, agreeing to acquire Korean communications semiconductor developer Terasquare Co., Ltd. The deal calls for GigOptix to pay approximately $4 million in cash to Terasquare's investors as well as an additional $1.15 million of Terasquare's debt and other liabilities. The company expects to close the acquisition by the end of this month.

White box switch sales pause

September 22, 2015

A pair of market research reports suggest that the drive to replace conventional data center switches with more generic white box switch alternatives took a pause in the second quarter of 2015. However, neither IHS (NYSE: IHS) nor Dell'Oro Group suggest the trend is over.

Altice to buy Cablevision for $17.7 billion

September 17, 2015

French cable systems owner Altice N.V. (Euronext: ATC, ATCB), the new home of former Alcatel-Lucent chief Michel Combes, says it has agreed to acquire Cablevision Systems Corp. (NYSE: CVC) for $34.90 in cash for each Cablevision share. That represents an enterprise value of $17.7 billion.

Startup Rockley Photonics targets data center networks

September 15, 2015

Rockley Photonics, the latest venture of Bookham Technology (now Oclaro) founder Andrew Rickman, says it is prototyping technology that will bring greater efficiency to data center networks via optical switching.

Wave adds metro Ethernet with Layer42 Networks acquisition

September 14, 2015

Broadband services provider Wave has acquired Layer42 Networks, which provides business-to-business Internet connectivity, colocation, and data transport services to customers in Silicon Valley, San Francisco Bay, and the Mountain View, CA corridor. Terms of the deal for the metro Ethernet services company were not disclosed.

Finisar CEO departs after disappointing 1Q16

September 11, 2015

Market flagship optical component and subsystem vendor Finisar Corp. (NASDAQ: FNSR) has given investors and observers a pair of shocks. The company announced Chief Executive Officer and director Eitan Gertel has resigned. Concurrently, the company announced results for the first quarter of its fiscal 2016 that missed Wall Street expectations for revenue, gross margin, and earnings per share. And the company's guidance for the fiscal second quarter fell short of consensus estimates as well.

China spends more than $1 billion on PON gear in 2Q15: IHS

September 10, 2015

Chinese operators spent more than $1 billion on PON systems for the first time ever in the second quarter of 2015, according to IHS (NYSE: IHS). The spending spree helped boost overall global broadband aggregation equipment (DSL, PON, and Ethernet FTTH) revenues 12% sequentially and 11% year-over-year, the market research firm states in its recently released "IHS Infonetics PON, FTTH, and DSL Aggregation Equipment" market research report.

Web 2.0 capex increases equal service provider capex declines in 1H15: LightCounting

September 10, 2015

Spending by the top 15 Web 2.0 companies on servers, network equipment, and other property and equipment rose 16% in the first half of 2015, according to LightCounting. Coincidentally, capex spending from the top 15 traditional service providers declined by the same amount, according to the market research firm, based on its "August 2015 Market Forecast Report and Database."

Equinix targets Japanese expansion via Bit-isle acquisition

September 8, 2015

Interconnect and data center services company Equinix, Inc. (NASDAQ: EQIX) says it intends to buy Tokyo-based Bit-isle Inc. (TSE: 3811) for approximately $280 million in cash. The offer is being made through Equinix's Japanese subsidiary.

Ciena misses revenue, beats earnings in third quarter 2015

September 3, 2015

Optical systems and software-defined networking (SDN) technology vendor Ciena Corp. (NYSE: CIEN) reported mixed results for its fiscal third quarter ended July 31, 2015. The company said it saw revenues of $602.9 million and non-GAAP net income of $50.7 million ($0.37 per diluted common share). The revenue figure missed the company's guidance of $610 million to $640 million and fell short of Wall Street's expectations by approximately $27 million. However, the earnings figure beat consensus estimates by $0.03.

2Q15 kind to carrier router and switch market: IHS

September 1, 2015

The carrier routing and switching market rebounded from a typically tepid first quarter to reach $3.9 billion, says the "IHS Infonetics Service Provider Routers and Switches" report from IHS (NYSE: IHS). That's a sequential increase of 19%.

Marc Willency new CEO of Integra

September 1, 2015

Fiber-optic network services provider Integra will welcome Marc Willency as its new CEO September 8, 2015. Willency, who most recently was group vice president for customer solutions and enablement at Level 3 Communications, also will join Integra's board of directors.

CommScope consummates TE Connectivity Broadband Network Solutions buy

August 31, 2015

CommScope Holding Company, Inc. (NASDAQ: COMM) says it has closed the acquisition of TE Connectivity's (NYSE: TEL) Broadband Network Solutions (BNS) business in an all-cash deal worth approximately $3 billion. CommScope had announced its plans to buy the assets, which focus on the telecom, enterprise, and wireless markets, this past January (see "CommScope pulls trigger on TE Connectivity Broadband Network Solutions buy").

Ciena's Morin moving to EXFO as COO

August 28, 2015

Philippe Morin, senior vice president of worldwide sales and field operations for Ciena (NYSE:CIEN), will leave the company October 31, 2015 to join EXFO Inc. (NASDAQ: EXFO; TSX: EXF). The test and measurement instrument developer says that Morin will become its COO early in November.

Tom Donovan new president and CEO of Panduit

August 27, 2015

Cabling and connectivity provider Panduit Corp. has named Tom Donovan president and CEO. He steps in for Gerald W. Caveney, "who will focus on other business opportunities," the company says in a press release.

GigOptix fills acquisitions war chest

August 27, 2015

Communications semiconductor and optical subsystem vendor GigOptix, Inc. (NYSE MKT: GIG) says it has closed a public offering of 9,218,000 newly issued shares of common stock at a price to the public of $1.70 per share. The process netted the company approximately $14.73 million after underwriting discounts and commissions. The proceeds will be directed toward acquisitions, the company says.

Lumentum's Lowe sees opportunities -- and potential acquisitions

August 21, 2015

Lumentum spun out of JDSU August 1 with $137 million in cash, no debt, and expectations for revenue growth, according to Alan Lowe, the company's president and CEO. And in the face of past speculation about who might make a bid to acquire the company, Lowe says he currently has a few potential acquisition targets of his own lined up.

FTTH growing in Latin America but DSL to remain dominant: Pyramid Research

August 20, 2015

Pyramid Research expects the number of fiber to the home (FTTH) and fiber to the building (FTTB) connections to reach 5.1 million by the end of the year. This is part of an overall trend that will see FTTH/FTTB connections to increase at a compound annual growth rate (CAGR) of 34.9% over the next five years. However, the growth spurt won't be enough to unseat DSL as the dominant fixed-line technology, the market research firm predicts.

Carrier SDN a $5.7 billion market by 2019: IHS

August 19, 2015

Market research firm IHS (NYSE: IHS) says that service providers globally will increase their spending on software-defined networking (SDN) software, hardware, and services from $103 million in 2014 to $5.7 billion in 2019.

Integra to acquire opticAccess for West Coast fiber-optic network

August 18, 2015

Fiber-optic network services provider Integra says it has agreed to buy opticAccess, LLC, which operates a 3,500 route mile fiber-optic network that runs from Seattle to San Diego. Terms of the deal, including the purchase price, were not disclosed. Integra hopes to close the sale in the fourth quarter of this year.

Optical network system spending increases sequentially in second quarter 2015: IHS

August 17, 2015

Sales of optical network systems in the second quarter of 2015 grew 22% sequentially, but were essentially flat versus the year-ago quarter, says market research firm IHS (NYSE: IHS). Europe was the only region to post year-on-year growth, IHS says in its upcoming 2Q15 "IHS Infonetics Optical Network Hardware" report.

AT&T expects big things after acquisitions

August 17, 2015

AT&T Inc. (NYSE:T) says it expects big things from its most recent acquisitions. The company updated its financial outlook for 2015 and beyond and says it should see boosts in revenues, adjusted earnings and free cash flow this year and in each of the next three years following its acquisitions of DirecTV as well as Mexican wireless companies Iusacell and Nextel Mexico.

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