Lucent to Buy Optical Fiber Provider SpecTran

Lucent Technologies Inc. has announced it will acquire optical fiber provider SpecTran Corp. for about US$64 million, plus the assumption of $35 million in SpecTran debt.

SpecTran manufactures optical fiber for premises data communications and telecommunications applications.

The transaction is expected to be completed by the end of the quarter ending Sept. 30, 1999.

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