INDUSTRY NEWS
Lumentum grabs IPG Photonics’ transceiver lines
Ribbon gets US$52 Million private funding
Lumentum Holdings Inc. has acquired IPG Photonics’ telecom
Ribbon Communications Inc. has executed a securities purchase agreement to raise gross proceeds of approximately US$52 million in a private placement financing of common stock. The private placement investors were led by Neuberger Berman client funds, and included Ribbon’s two largest shareholders, JPMorgan Chase & Co. and Swarth Investments Ltd., and Heights Capital Management, Inc., among other investors. Ribbon intends to use the net proceeds from the private placement to fund general corporate purposes, including capital expenditures, working
integrated circuit capabilities and creates opportunities for increased vertical integration in future optical transmission modules.” Dr. Mason added, “Increasingly customers in the cable MSO and wireless network operator space are turning to wavelength tuneable pluggable transceivers to help expand their network capacity and this acquisition brings highly synergistic product lines addressing this rapidly
capital and debt repayment. Ribbon’s CFO Mick Lopez said, “We are very appreciative of the incremental investment being made by our existing and new shareholders. The new capital will provide the company additional financial flexibility as we execute on our strategy to invest in product development and drive near-term profitable growth.” Ribbon will issue approximately 17,050,000 shares of common stock in the private placement at a price of US$3.05. The private placement is expected to close subject to customary closing conditions
transmission product lines in an all-cash transaction. “I am very excited to add such highly complementary and differentiated transceiver product lines and ASIC capabilities, which help to expand our addressable market and augment our technology
capabilities,” said Dr. Beck Mason, SVP and
General Manager, Telecom Transmission at Lumentum. “This acquisition brings a talented team developing digital communications ASICs, including coherent DSPs, which complements our silicon and indium phosphide photonic
growing opportunity.” There is no impact to
Lumentum’s fiscal fourth quarter 2022 due to this transaction and the terms of the transaction were not disclosed.
Emtelle revamps Middle East and Asia-Pac ops
chains and guarantees its customers security of supply. This will in turn meet the current environment of unprecedented demand for blown fibre and passive
Following the takeover and rebrand of Dubai-based AfriPipes in December 2021, Emtelle says it
Anubhav said, “Emtelle has a huge range of innovative solutions that both the Middle East and Asia Pacific markets are very enthusiastic about. These solutions will make a huge difference to connectivity in these regions, many of which are densely populated and lacking in fibre infrastructure, especially when it comes to Fibre To The Home and 5G networks.” He added, “Not only that, but the manufacturing space in UAE which Emtelle now has here provides huge capacity for extra growth, significantly shortens supply
Singh is an experienced international sales manager with more than 15 years working around the world, including the past seven at AfriPipes, Anubhav will lead Emtelle’s sales team aiming to boost the company’s presence in key markets including the UAE, Egypt, Jordan, Morocco, Iraq, Oman and Saudi Arabia, as well as the Philippines, Thailand, Indonesia, Australia and New Zealand. Anubhav aims to have more Emtelle sales presence in individual target markets locally to further boost the company’s profile.
is expanding its global footprint in the FTTX industry. It also added
network solutions.” Tony Rodgers, Chief Executive Officer for Emtelle, said, “Emtelle
an additional 9,000m² of manufacturing space from five manufacturing sites, including the US and the US in April 2022, providing the company with a platform for future growth. As part of its expansion plans, the Emtelle Group has appointed Anubhav Singh as its new sales director Middle East and Asia Pacific.
continues to consolidate its position as a market leader in blown fibre and passive network solutions across the globe. We now aim is to use this opportunity to significantly grow our business, and with it our
brand, in the coming months and years.”
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| ISSUE 30 | Q3 2022
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