news digest ♦ Telecoms
In addition to the ICR, NeoPhotonics currently offers a broad range of PIC-based components for high capacity data transport networks, including 90 Degree Hybrid Coherent Mixers for both 40Gbps and 100Gbps coherent transmission systems, and both small and standard form factor DQPSK Demodulators for 40Gbps transmission.
Avago share repurchase program authorised
The repurchase of up to 15 million of the company’s ordinary shares has been authorised and should not exceed $500 million of its shares in the aggregate.
Avago Technologies, a supplier of analogue interface components for communications, industrial and consumer applications, has announced that its Board of Directors has approved a quarterly interim cash dividend of $0.09 per ordinary share.
The Board has also authorised the repurchase of up to 15 million of the Company’s ordinary shares, not to exceed $500 million of its shares in the aggregate.
The dividend is payable on June 30, 2011 to shareholders of record at the close of business (5:00p.m.) Eastern Time on June 17, 2011.
The authorisation of the share repurchase program was made pursuant to the share purchase mandate approved by the Company’s shareholders at its 2011 annual general meeting, which authorises the repurchase by the Company of up to 10% of its outstanding ordinary shares prior to the date of the Company’s 2012 annual general meeting.
Share repurchases, if any, will be made in the open market at such times and in such amounts as the Company deems appropriate. The Company intends to effect any share purchases in compliance with Securities and Exchange Commission Rule 10b-18 or pursuant to a trading plan adopted pursuant to Rule 10b5-1.
The timing and actual number of shares repurchased will depend on a variety of factors including price, market conditions and applicable legal requirements. The share repurchase program does not obligate the Company to repurchase any
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specific number of shares and may be suspended or terminated at any time without prior notice.
Infinera awarded for global telecoms business innovation
In its collaboration with Interoute, Infinera which uses indium phosphide technology in its PICs, won the award for its contribution to high capacity European networks.
Infinera and Interoute won the “Wholesale Service Innovation” award at the Global Telecoms Business Awards.
The award recognises Interoute’s innovation as one of the world’s first telecom operators to offer a revenue-generating OTN service to a customer. Interoute used the Digital OTN capabilities of its deployed Infinera DTN-based network to deliver the services.
The prestigious award was accepted by Matthew Finnie, Interoute’s Chief Technology Officer, and Chris Champion, Infinera’s Vice President of Sales EMEA at a Tuesday evening awards ceremony in London attended by more than 300 people from the global telecom industry.
Infinera introduced the DTN platform in 2004 and the firm says it is still the industry’s first and only solution that integrates Dense Wave Division Multiplexing (DWDM) directly with OTN switching through the use of the Photonic Integrated Circuit (PIC) which incorporates InP.
This pioneering integration of DWDM and OTN enabled the Digital Optical Network to remove many of the challenges found in traditional analogue optical networks. OTN (Optical Transport Network) is a set of industry standards that enable service reconfigurability and transparent network performance monitoring throughout the network.
In September 2010, Infinera enhanced its OTN capabilities with the introduction of new client interfaces that enabled OTN services (such as ODU1) to be handed off to non-Infinera networks. With Infinera’s Digital Optical Network and OTN
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