Marlin Equity Partners purchased Tellabs for about $891 million in cash, signaling a new era for the telecom equipment maker which has struggled with quarterly revenue declines and ongoing losses.
Software-defined networking could save mobile operators more than $4 billion in capital expenses in 2017, with the largest capex savings stemming from metro aggregation/load, according to fresh research from Strategy Analytics.
Software defined networking as a whole may still be a nascent concept, but according to a new Strategy Analytics study that was sponsored by Tellabs, it could help mobile operators save over $4 billion in wireless backhaul expenses by 2013.
A group of fiber network infrastructure vendors, including Corning, IBM, SAIC, TE Connectivity, Tellabs, Zhone and 3M, jointly launched the Association for Passive Optical LAN (APOLAN) to advocate the utility and adoption of PON-based networks in the LAN.
Tellabs reported that second-quarter revenue declined year-over-year to $212 million, down from $288 million, but its results were in line with its guidance for the quarter.
Tellabs has named Larry Rieger, a partner with Crowe Horwath LLP, as its acting CFO. He replaces Tom Minichiello, who recently left the company to take on the CFO role at Westell.
Ad insertion technology vendor BlackArrow is pitching cable operators a new product that could be used to deliver targeted ads to subscribers watching live TV programming on tablets and other IP devices.
Tellabs posted $209 million in revenue in the first quarter, down from $258 million this time last year.
Tellabs' first-quarter revenue declined year-over-year to $209 million, down from $258 million in Q1 2012, due to lower sales in Western Europe and regulatory uncertainty in Mexico.
Backhaul demands are going to increase in the years ahead and carriers worldwide are collectively underfunding investment in backhaul, according to a Strategy Analytics study commissioned by network vendor Tellabs. The result? A backhaul funding gap of around $9.2 billion by 2017.