& cplSiteName &

Report: Xtera Preps IPO

Ray Le Maistre
11/30/2009

8:25 AM -- Optical vendor Xtera Communications Inc. (Nasdaq: XCOM) is planning an IPO that would raise around $100 million, according to the Dallas Business Journal.

Documents have not yet been filed with the Securities and Exchange Commission (SEC) , but that's expected to happen during the next couple of months, according to the report.

Xtera has raised about $215 million in five rounds of financing, the most recent being a $52 million round in August 2007. (See Xtera Gets Funds.)

In April 2008 it acquired metro optical vendor Meriton, adding to its long-haul and subsea system portfolio. (See Meriton Lands in Xtera's Hands.)

— Ray Le Maistre, International News Editor, Light Reading

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
More Blogs from EuroBlog
Having taken a breather from its acquisition spree in the US, Zayo could kick-start some infrastructure consolidation action in Europe
Some good news for its Finnish parent – Nokia Siemens Networks is on a margin roll
Telefónica to boost its broadband lines in LatAm with DSL management the from ASSIA
According to the value of Nokia's takeover deal, Nokia Siemens Networks is worth less than $5B
As APAC and North America forge ahead, Europe seems stuck in yesteryear
Featured Video
Upcoming Live Events
October 22, 2019, Los Angeles, CA
November 5, 2019, London, England
November 7, 2019, London, UK
November 14, 2019, Maritim Hotel, Berlin
December 3-5, 2019, Vienna, Austria
December 3, 2019, New York, New York
March 16-18, 2020, Embassy Suites, Denver, Colorado
May 18-20, 2020, Irving Convention Center, Dallas, TX
All Upcoming Live Events