Avanex is acquiring the optical businesses of Corning and Alcatel for stock representing about 45% of Avanex's value or $65 million. They are acquiring optical components, modules and subsystems for fiber optic transmission networks that should enable Avanex to offer one of the broadest lines of optical and intelligent photonic solutions for enhancing speed and capacity of optical communications systems. Avanex products will now include optical wavelength generation and modulation, multiplexing and demultiplexing, signal amplification, wavelength routing and dispersion compensation.
