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Lucent sells optical fibre business for $2.75bn

Margaret Kane CNet

Published: 25 Jul 2001 10:38 BST

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Furukawa will pay $2.525bn for the bulk of the business, while Corning will shell out $225m in cash for Lucent's interests in Lucent's Chinese joint ventures, Lucent Technologies Shanghai Fiber Optic and Lucent Technologies Beijing Fiber Optic Cable.

The sale clears the way for Lucent to spin off the remainder of Agere Systems.

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