Tellabs Acquires Vinci Systems
31 December 2004 - 3:45AM
PR Newswire (US)
Tellabs Acquires Vinci Systems NAPERVILLE, Ill., Dec. 30
/PRNewswire-FirstCall/ -- Tellabs today acquired Vinci Systems, a
privately held developer of optical networking terminals (ONTs) for
Fiber-to-the-Home (FTTH) access systems. Under the terms of the
agreement, Tellabs will pay up to $52.5 million in cash and
restricted Tellabs stock. The move brings Tellabs a family of
third-generation ONTs that complements the Tellabs FiberDirect(SM)
solution. Vinci Systems, a start-up based in Vienna, Va., was
founded in 2002 and has demonstrated interoperability of its ONT
products with the industry's leading Optical Line Terminal (OLT)
vendors. "This acquisition further illustrates our commitment to
expanding into the growing FTTx market," said Carl DeWilde,
executive vice president of access products at Tellabs. "Vinci's
ONT technology enables us to deliver a more cost-effective fiber
access solution." About Tellabs Tellabs delivers technology that
transforms the way the world communicates(TM). Tellabs experts
design, develop, deploy and support wireless and wired network
solutions. The company's comprehensive broadband portfolio enables
carriers in more than 100 countries to succeed in the new
competitive environment. Tellabs is part of the NASDAQ-100 Index.
http://www.tellabs.com/ . Tellabs(R) and Tellabs logo(R) and
Technology that Transforms the Way the World Communicates(TM) are
trademarks or registered trademarks of Tellabs or its affiliates in
the United States and/or other countries. Any other company or
product names mentioned herein may be trademarks of their
respective companies. DATASOURCE: Tellabs CONTACT: Media, Ariana
Nikitas, +1-630-798-2532, , or Investor, Tom Scottino,
+1-630-798-3602, , both of Tellabs Web site:
http://www.tellabs.com/
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