Tellabs boosts services with AFC merger

CIOL Bureau
New Update

BANGALORE: Tellabs, a bandwidth management and optical transport company, that acquired AFC, earlier this year, announced the completion of the merger. The deal was worth $1.9 billion. The combination creates an industry leader in strategic access and transport solutions for the world's leading telecom service providers, states a company press release.

"The new Tellabs is a strategic telecom equipment supplier that will lead the industry's shift to reliable broadband services around the world," said Krish Prabhu, president and chief executive officer of Tellabs. "Together, Tellabs and AFC can help carriers even more as they seek easier ways to provision new voice, data and video services, to simplify their networks and to sharpen their competitive edge."

The combined company will employ about 4,100 people, including nearly 1,000 in international locations. It will have research and development centers in Illinois, California, Florida, Texas, Virginia, Denmark and Finland, as well as 41 sales offices in 29 countries.