FTTH Firms Eye Merger
2:10 PM -- Cable specialist Prysmian SpA is set to swallow Dutch firm Draka Holding NV (Amsterdam: DRAK.AS) in a move that looks set to create a European giant that would have a significant presence in the continent's fiber-to-the-home (FTTH) sector. (See Prysmian, Draka Evaluate Merger.)
Check out this Bloomberg report for more details.
Like Prysmian, Draka is not only a cable maker but, due to its experience in the development of the Dutch broadband sector, a pivotal player in the European fiber access market, which is set for steady growth in the coming years. (See Spain Set for FTTH Surge, Europeans Ramp FTTH Rollouts, FTTH Europe: Slow Growth Forecast, FTTH Europe: ECI Bags GPON Deal, Draka Taps MDUs, Andorra Uses Prysmian FTTH , and Prysmian Wins in Germany.)
— Ray Le Maistre, International News Editor, Light Reading