Lucent Technologies (Murray Hill, NJ) will invest $10 million in its Lucent Technologies Network

Sept. 1, 1998

Lucent Technologies (Murray Hill, NJ) will invest $10 million in its Lucent Technologies Network (Bangpakong, Thailand) plant to manufacture fiber-optic cables to meet the needs of network operators in Thailand and the Asia-Pacific region. Production is scheduled to begin in mid-1999. Lucent also announced the acquisition of lannet (Tel Aviv), a subsidiary of Madge Networks NV (Wexham Springs, UK), for $117 million to further expand Lucent?s data networking product line. lannet becomes part of Lucent?s Enterprise Infrastructure Products Group and will continue operations from Israel.

Sign up for Lightwave Newsletters
Get the latest news and updates.