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Verizon was pitching its FiOS (fiber optic) option.
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Under the 20-year agreement, Deutsche Telekom will gain access to several wavelengths on the 360networks fiber optic network, as well as an option to acquire infrastructure and maintenance services from 360networks.
Tellabs Inc., the biggest maker of equipment that manages traffic on phone networks, agreed to buy the closely held Ocular Networks Inc. for $355 million in cash and options, to bolster its line of fiber optic products.
360networks Inc., which had hoped to ring the world with fiber optic cable, missed a crucial debt payment today and acknowledged that it was considering the option of seeking protection from creditors.
The sale of the fiber optic unit is seen as the best and quickest way to raise the money, though other options like short-term loans from banks or issuance of additional stock to investors, may need to be considered.
There are three primary options for lashing together PCs and servers: Ethernet, wireless (or "wi-fi") and fiber optic cabling (or "FIoS").
Instead, Verizon will install fiber optic lines.
Other fiber optic stocks also plunged.
JDS makes advanced fiber optic components.
The fiber optic market is not dead.
Research interests: Fiber optic and multiphoton microscopy.
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