Alcatel and Draka Holding N.V. intend to merge their global optical fiber and communication cable businesses into a...
February 11, 2004
Alcatel and Draka Holding N.V. intend to merge their global optical fiber and communication cable businesses into a jointly owned company.
Under the agreement, Draka would own 50.1% of the new company and Alcatel 49.9%.
“With this announcement, we are making another important step in our strategy to focus on communication solutions," said Olivier Houssin, executive vice president of Alcatel.
"As part of this strategy, the company is playing an active role in fostering the necessary consolidation of the fiber and fiber cable industry. This proposed transaction will allow Alcatel to benefit from an improved fiber cable capability in its FTTH activity. The proposed combination of Alcatel’s and Draka’s assets will also generate substantial technical and industrial synergies."
The new company will have a product portfolio across fiber and fiber cable, addressing a range of telecommunication and data communication applications.