Ciena to buy WWP in Ethernet binge

Optical network equipment vendor Ciena Corp announced the acquisition of Ethernet technology firm World Wide Packets for about $290 million in cash and stock. The deal continues Ciena's impressive move into the converged Ethernet sector, and comes with WWP's recently-announced deal to supply AT&T with Ethernet gear.

Some analysts criticized Ciena for possibly paying too much --the purchase price increases to $305 million when you add WWP's debt-- and the vendor has revenue of only about $30 million. But, at a time when carriers like AT&T and BT are moving to bring Ethernet into their networks, owning your own products and experienced Ethernet sales team certainly provides an edge against traditional transport gear competitors.

For more:
- read this story in Light Reading

Related articles:
- Ciena recently landed an Ethernet deal with BT 

Suggested Articles

icrosoft took the wraps off of a new cloud service for Azure via its partnership with Genesys.

Ahead of next month's fourth quarter earnings, Windstream touted its 2019 broadband achievements this week.

Cincinnati Bell announced on Friday that it has received an unsolicited buyout bid from an "infrastructure fund" for $12 a share in cash.