OFO Posts Decrease in its Quarterly Profits

Muscat based optical fiber & cable manufacturing and Engineering company, Oman Fiber Optic Co. (OFO) has posted a 148.35% decrease in its quarterly profits, local news media reports. Profits reached OMR 601,000 ($1.56 million) in the first quarter of 2016, compared to OMR 242,000 ($626,590) in the same quarter of 2015. OFO recovered its operations from a major fire disaster…

DFA Buys Controlling Stakes of SADV

South African Open-access Fiber-optic network infrastructure provider Dark Fibre Africa (DFA) announced the acquisition of certain percentage of stake-holdings in ‘South Africa Digital Villages’ (SADV). SA Digital Villages (SADV) operates in the Fiber-to-the-Home broadband deliver market segment in South Africa. SADV can transform from its current business model to a wholesale Open-access FTTH service provider in the market. Since its…

Corning Proposes USD 305 Million to Acquire AFOP

Leading fiber optics and photonics products manufacturer Corning Incorporated announced its plan to acquire Alliance Fiber Optic Products, Inc (AFOP). Both companies announced today that they have entered into a definitive merger agreement under which Corning will take-over Alliance Fiber Optic Products, Inc. Corning will make an all-cash tender offer to acquire all of the outstanding common shares of Alliance…

Sterlite Sees Opportunities in Digital India Program

Sterlite Technologies Limited is planning for huge investment in India as part of the Digital India program, which has got a boost from the current central government in India. Sterlite has announced plans worth 3.13 to 3.9 billion US dollar investments. Sterlite is also looking for partnerships similar to the one it has signed with Ericsson to build smart cities…

business collaboration

Luna Innovations Merges with Advanced Photonix

Virginia based fiber optic sensing and measurement products manufacturer Luna Innovations Incorporated will merge with Opto-electronic device manufacturer Advanced Photonix Inc (API). The merger will make the combined company stronger to cater to the needs of fiber optic product customers both in the United States and abroad. In an annual meeting, Luna’s stockholders approved the issuance of 0.31782 shares of…

Netia Agrees to Acquire TK Telekom

Poland’s telecom service provider Netia had agreed to takeover its competitor TK Telekom. Netia agrees to an estimated value of around 61 million dollars. After finding the funds necessary for acquisition, Netia, the second largest telecom operator in Poland will finalize the deals with Polish State Railways, who owns TK Telekom. Netia is Poland based telecommunication service company which owns…