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Nortel to acquire Qtera

Nortel Networks, Brampton, ON, has agreed to acquire Qtera Corporation, a Boca Raton, Florida-based company that produces long-reach optical networking systems, for up to US$3.25 billion in Nortel Net...


January 1, 2000  


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Nortel Networks, Brampton, ON, has agreed to acquire Qtera Corporation, a Boca Raton, Florida-based company that produces long-reach optical networking systems, for up to US$3.25 billion in Nortel Networks common shares.

Qtera has developed technology that enables optical signals to be sent as far as 4000 kilometres in purely optical form, which is said to provide advantages in cost, reliability, and scalability to long-range networks. Qtera’s solutions operate at 10 gigabits per second (Gb/s).

Qtera has its headquarters and about 140 employees in Boca Raton, FL, and about 30 employees in Richardson, TX. Upon completion of the acquisition, Qtera will become a wholly-owned subsidiary of Nortel Networks, with its operations remaining in those locations.


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