Xtera Buys Azea

Xtera Communications stakes out a piece of the repeatered submarine market by acquiring Azea Networks

November 29, 2007

1 Min Read

ALLEN, Texas -- Xtera Communications announced today that it has acquired Azea Networks, a privately held company based in the UK and supplier of world-class optical networking solutions.

Azea is uniquely focused on delivering substantial capacity gains to existing undersea repeatered links. The company´s optical networking upgrade solutions allow operators to exploit the full potential of their existing repeatered subsea cable assets.

With the acquisition, Xtera extends its subsea product portfolio from the unrepeatered market to include repeatered subsea applications. Xtera´s unrepeatered product line provides unprecedented reach for new deployments and enables existing unrepeatered links to be upgraded to significantly higher capacities. Azea´s product line provides similar benefit to repeatered upgrades and initial deployments. By upgrading their existing repeatered assets with these solutions, service providers are able to quickly achieve the capacity of a new system at a fraction of the cost of a new deployment. The consolidated company provides global service providers with an end-to-end optical transport solution covering land and sea.

"The acquisition makes sense for reasons that go beyond our complementary subsea product portfolios. We share the same passion for customer response and support," said Mike Hynes, who will assume the role of Executive Vice President Sales & Chief Marketing Officer for Xtera´s Optical Networking division.

Azea Networks Ltd.

Xtera Communications Inc. (Nasdaq: XCOM)

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