Wednesday, November 01, 2006

Tellabs acquires ONT developer Vinci Systems

Tellabs has acquired Vinci Systems, a privately held developer of optical networking terminals (ONTs) for fiber-to-the-home (FTTH) access systems, particularly passive optical networks. Under the terms of the agreement, Tellabs will pay up to $52.5 million in cash and restricted Tellabs stock.

The move brings Tellabs a family of third-generation ONTs that complements the Tellabs FiberDirect solution. Vinci Systems, a start-up based in Vienna, Virginia, was founded in 2002 and has demonstrated interoperability of its ONT products with the offerings of several optical line terminal (OLT) vendors.

Tellabs recently completed the acquisition of AFC, which is supplying FTTH technology to Verizon, among other customers.

"This acquisition further illustrates our commitment to expanding into the growing FTTx market," said Carl DeWilde, executive vice president of access products at Tellabs. "Vinci's ONT technology enables us to deliver a more cost-effective fiber access solution."

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