Monday, February 11, 2008

World Wide Packets Acquired by Ciena Corp.

Proving that the Ethernet services market is hot, equipment supplier World Wide Packets was acquired by Ciena Corp. for $305 million.

Ciena announced the intent to acquire WWP back on Jan. 22nd. Carrier Ethernet has been a side interest of mine (one of several....) for a while now -- I have just have not had time to read up on it. Ciena has a pretty cool poster that covers OTU (Optical Transmission Unit) Network technology.

Ciena delivers flexible network platforms, software and professional services to telecoms, cable operators and enterprises migrating to an IP platform. Ciena stock was up 16% today.

Check out the Dark Fiber Resource information on the acquisition here

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