Tuesday, December 11, 2018

Google on Building an Open Service Mesh in a Multi-Cloud World



We increasingly find ourselves in a world with many cloud edges, says Prajakta Joshi, Sr. Product Manager for Cloud Networking at Google. This includes public clouds, telcos, enterprise networks, and billions of edge devices.

The world is becoming one big distributed edge.

So, how do you deploy services in a multi-cloud world? What if we "SDN-ized" edge services?

The result could be an Open Telco Edge Service Mesh aligned with Google Cloud.

This 3-minute video focuses on the possibilities for a Service Mesh built with Istio and Kubernetes.

https://youtu.be/khhEKs3J91w







ADVA's Ensemble Controller aims to simplify operations

ADVA introduced its Ensemble Controller, a new tool for automating the management and control of ADVA’s broad portfolio of networking solutions, including virtualized network functions and disaggregated network domains.

The new Ensemble Controller enables end-to-end SDN control in multi-layer, virtualized networks, empowering customers to smoothly evolve their traditional network management to an orchestrator-based multi-vendor system. Ensemble Controller’s SDN interfaces interoperate seamlessly with commercial and open source multi-domain controllers, including Juniper Network’s NorthStar Controller, NEC/Netcracker, Nokia Network Services Platform, Sedona Systems, ONOS and OpenDaylight.

The Ensemble Controller is also extensible with technology and service-specific applications such as the Ensemble ConnectGuard Director for managing security, the Ensemble Fiber Plant Manager for rapid failure localization and the Ensemble Sync Director for controlling precise network timing.


“Our Ensemble Controller accelerates the transition to software-defined networks with the cost-efficiency of standard hardware and the flexibility of disaggregated transport solutions. In the face of increasing network complexity, our hybrid management and control approach reduces operational costs through automation and simultaneously represents the optimal compromise between flexibility and a secure future,” said Ulrich Kohn, director, technical marketing, ADVA.

“With its open interfaces, our Ensemble Controller is central to our mission of helping cloud and network service providers to break up monolithic systems and to adopt agile, disaggregated networking,” commented Stephan Rettenberger, SVP, marketing and investor relations, ADVA.

https://www.advaoptical.com/en/newsroom/press-releases/20181211-adva-simplifies-network-operations-with-launch-of-ensemble-controller

IDC: Ethernet switch market up 8.1%; Router market down 5.1% in 3Q18

The Worldwide Ethernet switch market (Layer 2/3) recorded $7.3 billion in revenue in 3Q18, an increase of 8.1% YoY, while total enterprise and service provider (SP) router market revenues declined 5.1% YoY in 3Q18 to $3.7 billion, according to IDC's Quarterly Ethernet Switch Tracker and IDC Quarterly Router Tracker.

"Digital Transformation and adoption of Third Platform technologies continue to drive demand for network transformation and in turn the Ethernet switching equipment market," said Rohit Mehra, vice president, Network Infrastructure, at IDC. "While hyperscalers and cloud service providers are pushing consumption at the high end of the switching market, there remains strong growth in the enterprise campus and lower speed switching platforms too, highlighting the increased demands of the network from organizations of all sizes."



Some highlights from IDC:

  • 100Gb Ethernet switch revenues continue to grow rapidly. Port shipments for 100Gb switches rose 154.6% year over year to 3.5 million. 
  • 100Gb revenues broke the $1 billion barrier in 3Q18, reaching $1.1 billion to make up 14.8% of the market's total revenue. 
  • 25Gb ports saw even higher growth rates with port shipments up 251.0% to 2.6 million and revenue increasing 219.6% year over year for 3.7% of the market's revenue. 
  • 40Gb port shipments rose too, growing 12.6% year over year to 1.3 million, while revenues declined 10.4% for 7.5% of the market's total. 
  • Lower-speed campus switches continued to see strong demand. 
  • 10Gb port shipments rose 16.0% year over year to make up 28.8% of the market's revenue. 
  • 1Gb switches saw port shipments grow 8.4% year over year to 116.4 million, representing 42.3% of the market's total revenues.
  • The worldwide enterprise and service provider router market fell by 5.1% on a year-over-year basis in 3Q18 with the major service provider segment, which accounts for 76.2% of revenues, declining by 7.3%. 
  • The enterprise portion of the router market grew 2.5% year over year. 
  • From a regional perspective, the combined service provider and enterprise router market declined 24.4% in the U.S., where service provider revenues dropped 31.5% while enterprise revenues grew 8.7%. 
  • Cisco finished 3Q18 with a 3.8% year-over-year increase in overall Ethernet switch revenues and market share of 54.4%. In the hotly contested 25Gb/50Gb/100Gb segment, Cisco is the market leader with 39.4% revenue, which is up from the 34.6% share it held in this segment in the previous quarter. Cisco's combined service provider and enterprise router revenue declined 2.2% year over year, with enterprise router revenue increasing 4.1% but service provider revenues declining 5.3%. Cisco's combined service provider and enterprise router market share increased to 42.7% from 35.7% last quarter.
  • Huawei's Ethernet switch revenue rose 21.3% on an annualized basis but was down 7.5% sequentially from 2Q18 to 3Q18 with market share of 8.6%. The company's combined service provider and enterprise router revenue rose 2.2% year over year with a market share of 23.5%.
  • Arista Networks saw Ethernet switch revenues increase 27.6% in 3Q18, bringing its share to 6.6% of the total market, up from 5.6% a year earlier. With its focus on the datacenter, the company continues to cater to the higher end of Ethernet switch speeds with 100Gb revenues accounting for 66.1% of the company's total revenue, indicating the company's focus on cloud providers and large enterprises.
  • HPE's Ethernet switch revenue grew 12.0% year over year but was off 4.9% sequentially. The company's market share rose to 5.7%, up from 5.5% a year earlier.
  • Juniper's Ethernet switch revenue grew 3.8% in 3Q19, bringing its market share to 3.0%. Juniper saw a 15.2% decline in combined enterprise and service provider router sales, bringing its market share in the router market to 13.4%.


https://www.idc.com/getdoc.jsp?containerId=prUS44527718

Dell’Oro: Data Center Interconnect market to grow 85% by 2022

The aggregate sales of equipment for Data Center Interconnect (DCI) infrastructure will grow by 85 percent over the next five years, according to a new report published by Dell’Oro Group.  The report looks at the infrastructure market from three network perspectives: Optical Transport, Data Center Core, and Wide Area Networks (WAN).

“Data traffic within the cloud is increasing at unabated rates, and DCI networks are integral to carrying the traffic,” said Shin Umeda, Vice President at Dell’Oro Group. “We see strong demand for a wide range of networking gear for DCI, from the fiber optic layer up to the packet forwarding layer, and our forecast takes into account how these network layers are interrelated,” added Umeda.

Highlights from Dell'Oro:

  • DCI will drive strong demand for Optical Transport, Ethernet Data Center Switch, and Routing technologies.
  • Optical Transport networks will account for the majority of the DCI market value over the next five years.
  • DCI market share leaders for 2017 were Ciena for Optical Transport networks, and Juniper for WAN and Data Center Core networks.

http://www.delloro.com

Huawei's CFO released on bail, President Trump to negotiate

Meng Wanzhou, Huawei's CFO, was released on bail of C$10 million (US$.4 million). The judge in Vancouver also required her to surrender her two passports (China and Hong Kong) and ordered her to wear an ankle bracelet while awaiting a decision in the extradition case against her to face fraud charges in the United States. The extradition case could take months or years to resolve depending if appeals are filed.

Following Meng's release on bail, President Trump was quoted by Reuters as saying that he is willing to intervene with the U.S. Department of Justice on Meng's behalf if it helps with ongoing trade negotiations with China

Kyodo News: Japanese government to exclude Huawei, ZTE

The Japanese government adopted a policy to exclude products from Huawei and ZTE from public procurement contracts on national security grouds, according to Kyodo News service.  The government is also discouraging Japanese telecommunications firms from using Chinese products. This includes 4G and 5G infrastructure products.

NTT Docomo is not known to use gear from either Huawei or ZTE. The same is true of KDDI. Softbank uses Huawei infrastructure in its 4G network and may be required to replace this gear over time.

https://english.kyodonews.net/news/2018/12/3ca01a054307-update1-japan-decides-to-exclude-huawei-zte-from-govt-procurement.html

Reliance Jio, TIM, and Verizon join O-RAN board

The O-RAN Alliance, which is a carrier-led effort to open the radio access network of next generation wireless systems, released its inaugural white paper, “O-RAN: Towards an Open and Smart RAN,” which is available on the O-RAN website. The white paper describes the O-RAN architecture, which drives a more cost-effective, intelligent RAN with open interoperable interfaces for next generation 5G networks and beyond.

The O-RAN Alliance also announced that Reliance Jio, TIM, and Verizon have joined the O-RAN board.

“It’s encouraging to see the O-RAN Alliance off to such a strong start and gaining momentum as we welcome three new board members. It’s important that the wireless industry continues to come together to drive forward O-RAN’s goals for open networking, software, and virtualization in global wireless networks especially as 5G is closer than ever,” said Andre Fuetsch, Chairman of the O-RAN Alliance, President-AT&T Labs and CTO of AT&T.

“We are pleased with the smooth transition of both C-RAN Alliance and xRAN Forum contributors into the O-RAN Alliance work groups,” said Dr. Sachin Katti, Professor at Stanford University and O-RAN Alliance TSC Co-Chair. “We’ve seen advancement on all fronts. The mix of new contributors and ideas promises to accelerate our progress during this next phase of O-RAN Alliance specifications and reference designs.”

https://www.o-ran.org/resources/

Nokia deploys deploy a liquid-cooled base station

Nokia, Elisa and Efore have commercially deployed a liquid-cooled base station system in an apartment building in Helsinki, Finland. Heat emitted by the base station is redirected into the building.

The liquid-cooled base station was made at Nokia's Oulu facility in Finland and the liquid-cooled power system was developed by power supplier Efore, with Elisa deploying the base station in Helsinki.

By eliminating the need for air conditioning and fans, Nokia Bell Labs said liquid cooling for a base station can deliver a reduction of up 80.percent in CO2 emissions and up to 30 percent in energy operating expenses.

Pekka Sundström, head of the Elisa customer team at Nokia, said: "Nokia and Nokia Bell Labs have conducted extensive research and testing to explore the possibilities of using a liquid-cooled base station in an operator's network. This first commercial deployment will enable us to understand the real-world benefits for customers such as Elisa as they transition toward 5G, and how the system can be implemented on a wider scale to help reduce the environmental impact of information and communications technology. We continue to explore ways of introducing efficiencies and reducing emissions across our portfolio, and this project marks a significant step in that journey."


LightPointe consolidates HQ and manufacturing in San Diego

LightPointe, a manufacturer of outdoor point to point radios since 1998, has moved its headquarters and backhaul radio factory into a new enhanced facility in San Diego.

LightPointe has consolidated the manufacturing of its 60 GHz, 70 GHz, 80 GHz, and 90 GHz point to point radios at the new location. This includes its Aire X-Stream Ultra Low Latency (ULL) radios, which are the de-facto standard in extremely demanding high-speed applications such as High Frequency Trading (HFT) networks, and its AireLink radios which are used to connect buildings and towers up to ten miles apart at up to 10 Gbps Full Duplex.

“We’re excited to have completed our move into a new facility which will enhance our operations for years to come, and it came at an exciting time as we conclude our 20th Anniversary Customer Appreciation Sale—which runs through December 31st”.

https://www.lightpointe.com/

Infineon debuts miniature, industrial-grade eSIM

Infineon Technologies introduced the first industrial-grade embedded SIM (eSIM) in a miniature Wafer-level Chip-scale Package (WLCSP).

The eSIM is designed for embedding in industrial machines and equipment ranging from vending machines to remote sensors to asset trackers.

Infineon's SLM 97 security controller in a Wafer Level Chip Scale Package (WLCSP) measures only 2.5mm x 2.7mm in size, supports an extended temperature range of -40 to 105 degrees Celsius. It provides a high-end feature set fully compliant with the latest GSMA specifications for eSIM.

The SLM 97 security chip in WLCSP is manufactured at Infineon's production site in Dresden and Regensburg and now available in volume quantities.

Monday, December 10, 2018

Barefoot's Tofino 2 chip delivers 12.8 Tbps switching for 32x400GE

Barefoot Networks is now sampling its Tofino 2 chip, the second generation of its P4-programmable Tofino Ethernet switch application-specific integrated circuit (ASIC) family.

Tofino 2 doubles the performance of the first generation Tofino chip, now delivering 12.8 Tbps of packet processing capacity for hyperscale data centers, cloud, enterprise and service provider networks. The device leverages 7nm process technology and is designed for full P4-programmability.

Tofino 2 highlights:

  • World’s first 7nm switch ASIC 
  • Supports up 32x400GE on a single chip.
  • Supports up to 256x10/25/50GE ports on a single chip.
  • Fully P4-programmable, enabling various deployment options, from a standard top-of-rack switch to a service provider router, or even a feature-rich switch appliance. 
  • Support for unrivaled table sizes for routing, tunnels, and access control lists (ACLs).
  • Support for Barefoot SPRINT™- Barefoot's enhanced version of the industry-standard In-band Network Telemetry (INT), providing fine-grained per-packet intelligent real-time visibility of network traffic. 
  • Leverages the growing industry-wide P4 Ecosystem supported by multiple switch and network interface controller (NIC) chips.
  • Modular architecture enabling rapid integration of 112G SerDes and silicon photonics.
“Until Tofino arrived in 2016, networking switch ASICs hadn’t changed much in 20 years; they all ran pretty much the same tired old features. Our industry is stuck in a dinosaur way of doing things, and it takes years to add new features,” said Nick McKeown, Co-Founder, and Chief Scientist at Barefoot Networks. “Thankfully, networking is changing. Tofino, the first chip based on the PISA architecture, moved protocols - old and new - up and out of hardware into software, where they evolve at the pace of software. Tofino started it, now Tofino 2, at twice the capacity and twice the resources, demonstrates there is no going back. Within five years all switches will be programmable. We believe programming your network should be as easy as programming your computer.”

Customers cited in the Barefoot press release include Goldman Sachs, Cisco, Alibaba Infrastructure Services, Tencent, Baidu, JD Cloud, and Ucloud.

https://www.barefootnetworks.com/products/brief-tofino-2/

P4 Programmable Data Plane offloads network functions



Thanks to the P4 programming language, the next generation of switches can perform network functions and workloads that previously required dedicated appliances or x86 processing, says Prem Jonnalagadda, Director of Product Management, Barefoot Networks. Prem discusses early use cases and highlights Barefoot's new Tofino 2 silicon. Filmed at ONF Connect.

https://youtu.be/w_SPW03Kh1g


ADVA transmits 300G wavelengths over trans-Atlantic distance

ADVA successfully transported 300 Gbps per wavelength over a 6,800 km fiber link. The demonstration, which was conducted in partnership with Acacia Communications, used ADVA's FSP 3000 CloudConnect TeraFlex platform.

The companies said the trial was the first in the industry to cover the trans-Atlantic distance with a fiber link typical of a cost-optimized submarine cable using 300 Gbps channels and a commercially available transponder with real-time digital signal processing (DSP). The demo also achieved the highest spectral efficiency for such a link carrying 300 Gbps per wavelength with 70GHz channel spacing.

ADVA’s FSP 3000 TeraFlex technology delivers 36 bidirectional 100 Gbps Ethernet services in a 1RU chassis and can transport up to 600 Gbps on a single wavelength. The modular FSP 3000 TeraFlex provides control over modulation format, symbol rate and channel spacing. The multi-haul solution maximizes the transmission capacity for any given fiber link, from access networks to links spanning submarine distances. As part of the ADVA FSP 3000 CloudConnect platform, it is completely open and programmable. It also delivers real-time telemetry streaming.

“This lab trial proves the power of our FSP 3000 TeraFlex™ to deliver scalable long-haul data transmission with the highest spectral density at the lowest cost-per-bit. It shows subsea and intercontinental network operators that our solution is an ideal choice for transporting enormous amounts of data with the utmost flexibility in symbol rate, modulation format, and channel spacing to maximize the capacity of any given network,” said Sorin Tibuleac, director, system architecture, R&D, ADVA. “We’ve already shown that our FSP 3000 TeraFlex™ supports the growing bandwidth needs of metro DCI infrastructure with successful 600Gbit/s trials. Now we’re proving what it can do over the world’s longest links."

“Triggered by increasing demand for data driven by cloud-based services, we’re seeing a significant expansion in long-haul and subsea cable networks. This trial broadens the horizons of what can be achieved over great distance in terms of capacity and modulation flexibility,” commented Christian Rasmussen, founder and VP, digital signal processing and optics, Acacia Communications.

Liquid Telecom to invest US$400 million in deal with Telecom Egypt

Liquid Telecom will invest 8 billion Egyptian Pounds (US$400 million) in Egypt over the next three years as part of its partnership with Telecom Egypt on network infrastructure and data centres.

Specifically, Liquid Telecom will make an initial investment of US$50 million in data centres and cloud services. Liquid Telecom plans to invest an additional US$350 million in broadband and financial inclusion initiatives, as well as high capacity data centres.

Liquid Telecom’s expanding network is almost 70,000km in length and is linked to more than 600 towns and cities in 13 countries across Africa.

The investment was announced at the Africa 2018 Forum. The historical agreement was signed by Ahmed El Beheiry, Managing Director and Chief Executive Officer of Telecom Egypt, and Strive Masiyiwa - Group Executive Chairman of Liquid Telecom’s parent company Econet. It was witnessed by Her Excellency Dr. Sahar Nasr, Egyptian Minister of Investment and International Cooperation and His Excellency, Dr Amr Talaat, The Egyptian Ministry of Communications and Information Technology.

According to the Group Executive Chairman of Liquid Telecom’s parent company Econet, Mr Strive Masiyiwa, the next mission is to complete a link between Cairo and Dakar Senegal through Sudan, Chad, and Nigeria, as well as the rest of West Africa. “We have already crossed Africa from East to West through Sudan and Chad. We are at the Nigerian border and we expect to reach Abuja by the end of January in time for the AU Summit. We want to reach Dakar before President El-Sisi finishes his term,” he said.

Mr Masiyiwa also acknowledged the support of President Kagame, adding: “It would have been impossible to reach this far so quickly without his support. He adopted this initiative as a key project during his tenure and has been highly supportive throughout its development. We know President El-Sisi will help us take it to the next level because he understands the vision of Africa.” Mr Masiyiwa expressed his appreciation for leadership support across the continent. He said the ‘One Africa’ model could encourage other entrepreneurs to build projects in complementary sectors, such as rail and power. “We need to push the linkage of our continental power grids, and also rail and air transportation. Now is the time for bold initiatives to build intra African trade and investment.”



Telecom Egypt + Liquid Telecom link Cairo-to-Cape Town terrestrial fiber

Telecom Egypt and Liquid Telecom signed a Memorandum of Understanding (MoU) to complete the first terrestrial fibre network stretching all the way from Cape Town, South Africa, to Cairo, Egypt.

Under the MoU, Liquid Telecom will link its network from Sudan into Telecom Egypt’s network via a new cross border interconnection – bringing together a 60,000km network that runs from Cape Town, through all the Southern, Central, and Eastern African countries, and has now reached the border between Sudan and Egypt.

As part of the strategic partnership, Liquid Telecom and Telecom Egypt will share network infrastructure and explore further areas of collaboration, including joint network services, a peering arrangement and a voice interconnection agreement.

The Cape to Cairo network - often referred to as “the One Africa” broadband network - has been in the making for over ten years and serves some of the largest global companies with some of the fastest network speeds on the continent.

“Completing our vision of building a single network running on land, all the way from Cape to Cairo is a historic moment for the company and for a more connected Africa. This network not only represents a remarkable engineering achievement that has overcome some of the most challenging distances and terrains on the continent, but it is also supporting the rise of Africa’s digital economies,” said Strive Masiyiwa, Founder and Executive Chairman of Econet.

Liquid Telecom acquires South Africa's Neotel

Liquid Telecom, a unit of South Africa–based Econet Global has announced that it has completed the acquisition of South African network operator Neotel for approximately ZAR 6.55 billion (approximately $491 million), further expanding its position as a pan-African telecoms company.

Liquid Telecom acquired Neotel from India's Tata Communications and minority shareholders led by Nexus Connexion. Liquid Telecom joined with 30% equity partner Royal Bafokeng Holdings (RBH), a community-based South African investment group, for the acquisition, which received regulatory approval from the Independent Communications Authority of South Africa (ICASA) in December 2016. South Africa's Competition Commission approved the deal in October.

Established in 2006, Neotel has invested an estimated ZAR 7 billion in its network, deploying national backbone fibre connecting the top 40 cities and towns in South Africa and to over 5,000 businesses. Neotel operates a major, MEF-certified Ethernet network, while Liquid Telecom is a leading provider of Carrier Ethernet services with MEF Carrier Ethernet 2.0 (CE 2.0) services certification.

Neotel also operates redundant backhaul fibre to landing stations with access to all five of the international subsea cables serving South Africa - SAT-3, SAFE, SEACOM, EASSy and WACS. It was noted that Liquid Telecom owns significant international subsea capacity, and is currently building a subsea cable linking the east coast of Africa, Liquid Sea.

Over the coming months, Liquid Telecom stated that it plans to make extensive upgrades and expansions to Neotel's network to enable improved high-speed connectivity and deliver services to more customers across South Africa. Liquid Telecom also plans to invest in Neotel's data centre capabilities, which include two Tier 3 facilities in Johannesburg and Cape Town, adding to its existingEast Africa Data Centre in Nairobi, Kenya.

Infinera adds Advanced Data Encryption to mTera Platform

Infinera released Layer 1 Optical Transport Network (OTN) data encryption capabilities on its mTera Universal Switching Platform.

The mTera platform offers network operators the flexibility to define any interface with OTN, Multiprotocol Label Switching-Transport Profile (MPLS-TP) or Carrier Ethernet switching, decreasing network complexity while accelerating new service deployment across metro, regional and long-haul networks.

Highights of the Infinera mTera Universal Switching Platform:


  • Scale up to 7 Tb/s in a single shelf or 12 Tb/s in a paired shelf configuration
  • Easily migrate Synchronous Optical Networking (SONET)/Synchronous Digital Hierarchy (SDH) to packet-optical technologies
  • Minimize regens with reach of over 5,000 kilometers (km) in terrestrial networks and over 12,000 km in submarine networks
  • Most solutions on the market bulk encrypt all the data going through a transponder, providing no ability to differentiate services across the interface. Conversely, the mTera platform provides Layer 1 OTN data encryption in a multi-terabit, multi-layer switching platform, enabling network operators to differentiate services by selectively encrypting individual or multiple services. The optional Layer 1 OTN data encryption technology on the mTera platform is enabled via software and can be applied at wire speed to 100 gigabits per second, 10 Gb/s and sub-rate leased line services with Ethernet, OTN or SONET/SDH, as well as other client interfaces.

“Securing customer traffic has never been more important to communications service providers and internet content providers as their networks face increased attacks,” said Uwe Fischer, Senior Vice President, System Solutions Business Group at Infinera. “Best-in-class technology like Layer 1 OTN data encryption on the mTera platform helps network operators create differentiation and expand their breadth of services, all while protecting customer data and privacy.”

Australia concludes 5G auction in 3.6 GHz band

The Australian Communication and Media Authority completed its 5G auction in the 3.6 GHz band.

All 350 lots available in the auction were sold, realising total revenue of approximately AUS $853 million, equivalent to almost $0.29/MHz/pop.

The four auction winners are:Dense Air Australia Pty Ltd won 29 lots for $18,492,000.

  • Mobile JV Pty Limited (a joint venture arrangement between subsidiaries of TPG Telecom Limited and Vodafone Hutchison Australia Pty Limited) won 131 lots for $263,283,800.
  • Optus Mobile Pty Ltd won 47 lots for $185,069,100.
  • Telstra Corporation Limited won 143 lots for $386,008,400.

"This spectrum is recognised internationally as a key band for 5G services. Timely release of 5G-compatible spectrum will facilitate the early delivery of next generation 5G services to the Australian public and industry,’ said ACMA Chair Nerida O’Loughlin.

Licences won at auction will commence in March 2020 and will extend until 13 December 2030. However, arrangements exist to enable earlier access to the band, provided that no interference is caused to existing licensees.

https://www.acma.gov.au/theACMA/3-6-ghz-band-spectrum-auction-results

China issues 5G trial licenses in 2600, 3500 and 4900 MHz bands

China's Ministry of Industry and Information Technology issued trial 5G licenses to China Telecom, China Mobile and China Unicom.

  • China Telecom and China Unicom obtained trial licenses for the 3500MHz band, 
  • China Mobile obtained trial licenses for the 2600MHz and 4900MHz bands. 


The Ministry of Industry and Information Technology said the operators should now conduct base station 5G system tests, and carry out interference coordination work between 5G system base stations and other radio stations in the same frequency band, adjacent band satellite earth stations, etc.

Lumentum completes acquisition of Oclaro

As expected, Lumentum closed its acquisition of Oclaro and trading in Oclaro common stock on the NASDAQ Stock Market has ceased.

Under the terms of the merger agreement, Oclaro stockholders will receive $5.60 in cash and 0.0636 of a share of Lumentum common stock for each share of Oclaro common stock that is exchanged in accordance with the terms of the merger agreement. Lumentum financed the cash portion of the transaction consideration with cash from the combined company balance sheets and $500 million from a new term loan entered into in connection with the closing of the transaction.

Lumentum said it anticipates achieving an estimated $60 million in synergies over the next 12-24 months.

"I'm excited to close the acquisition and now move forward with realizing the strong potential of the combined company. The combined scale, resources, talent, and breadth of technologies will help us accelerate innovation and the development of the products our customers and network operators around the world need to handle the tremendous and unrelenting growth in network bandwidth," said Alan Lowe, president and CEO of Lumentum.

"Completion of the transaction creates a powerful force in the optical industry and tremendous opportunity for employees, customers, and shareholders," said Greg Dougherty, Oclaro's CEO. "It was a great pleasure to lead the Oclaro team, and I wish the new combined Lumentum team future success."

https://www.lumentum.com/en/media-room/news-releases/lumentum-announces-completion-oclaro-acquisition



See also