Nortel sells optical components business

Nortel is to sell its optical components business to UK company Bookham Technology and in a deal valued at just over $100m (€101m).

Nortel sells optical components business
Wed, 09 Oct, 2002 - 18:48

Nortel is to sell its optical components business to UK company Bookham Technology and in a deal valued at just over $100m (€101m).

In exchange for the business Nortel will receive 30% of Bookham, around $10m (€10m) in cash and includes a supply deal for the first six quarters.

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