Alca-lu sells Draka stake for $301 million

Alcatel-Lucent is selling it 49.9% stake in fiber cable firm Draka Comteq to majority owner Draka Holdings for $301 million. The company was formed just three years ago when Alcatel (previous to the Lucent deal) spun off its fiber and communications cable assets into the joint venture. Some observers are speculating that Alcatel-Lucent is building up cash for potential acquisitions, though getting out of a non-core business to bring focus back on the core is a solid idea given the mega-vendor's ongoing restructuring.

For more:
- read this coverage in Light Reading

Related articles:
- Alcatel-Lucent recently put more focuses on its services business

Suggested Articles

Deutsche Telekom's T-Systems subsidiary has deployed VMware's disaster-recovery-as-a-service platform on its Dynamic Services for Infrastructure (DSI…

Google is investing 3 billion euros ($3.3 billion) to expand the company's data footprint across Europe over the next two years.

When it comes to its fiber deployments, Verizon is hitting its stride, according to Verizon Chairman and CEO Hans Vestberg.