Sumitomo Expands European Fiber Optic Cable Business Through Tie up with Nexans

Sumitomo Electric Industries, Ltd. a Japan-based Fiber optic technology pioneer has reached an agreement with Nexans S.A. to tie up in optical fiber cable business for terrestrial fiber optic telecommunications in Europe. This agreement concerns more specifically the deployment of the Fiber-To-The-Home (FTTH) network. With this agreement, Sumitomo Electric has entered into a joint venture agreement with Nexans to acquire…