Alcatel and Draka agreed to combine their global optical fiber and communication cable businesses into a jointly owned company. Through the combination of Alcatel’s assets with Draka’s interest in YOFC, the leading Chinese optical fiber and fiber cable manufacturer, the new company would hold the leading market position for optical fiber and fiber cables in the Chinese market. The new company would also be a leader in Europe and a major player in North America. Draka would own 50.1% of the new company and Alcatel 49.9%.
The new company would have a full product portfolio of optical fiber and fiber cable for telecom and data applications. The product portfolio would also include copper telecom and datacom cables. http://www.alcatel.comhttp://www.draka.com
