Paetec to Buy McLeod, Expand in Fiber-Optics
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Paetec Holding, the U.S. phone company focused on corporate customers, agreed to buy closely held McLeodUSA for $492 million in stock to gain its high-speed fiber-optic network.
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New component contains the blue and red lasers required for support of the two disc formats as well as the associated lenses and optical receivers. Commercial production possible by end of next year.
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Carlyle Group is in talks to buy Advanced Semiconductor Engineering Inc., the world's largest chip packager, for $5.7 billion as demand for computer and mobile-phone components increases.
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Advanced Medical Optics Inc.   has offered to buy larger eye-care company Bausch &  Lomb Inc.  for $4.23 billion, topping a rival offer of  $3.67 billion from private equity firm Warburg Pincus ,  the two companies said on Thursday.
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Independent oil and gas producer Plains Exploration & Production Co.  will buy peer Pogo Producing Co.  for $3.46 billion in stock and cash, nearly doubling its production capacity, Plains said on Tuesday.
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(InfoWorld) - JDS Uniphase (JDSU) is buying optical transceiver maker PicolightÂ  to serve the growing market for high-speed data connections in data centers, enterprises, and metropolitan-area networks. The optical networking vendor said Tuesday it agreed to buy Picolight for $115 million in stock and an additional cash sum of up to $10 million if certain revenue targets are met this calendar year. The deal is expected to close in JDSU's fiscal fourth quarter ending June 30. Enterprises are stepping up data center and backbone networks from Gigabit Ethernet to 10-Gigabit Ethernet while service providers lay out high-speed fiber networks around cities. Increasing bandwidth demand, powered in part by video and other multimedia applications, is driving growth in network infrastructure following the telecommunications crash early in this decade that slammed the stocks of JDSU and other vendors. Picolight, in Louisville, Colorado, designs and makes transceivers for Fibre Channel, Gigabit Ethernet, 10-Gigabit Ethernet and parallel optics with speeds as high as 40Gbps.Â It has been a pioneer in a technology called VCSEL (vertical cavity surface-emitting laser) used for optical links with low power consumption and heat generation, according to the companies. JDSU sells components and equipment for a variety of networks, including enterprise, cable, and telecommunications. The buyout will give Picolight global reach and also help JDSU build toward 100Gbps products in the future, the companies said.
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Internet service provider's subscribers will be able to buy its premium services individually through Valista's technology.
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Telecommunications equipment  maker Ericsson AB (ERICb.ST) will buy data networking  equipment vendor Redback Networks Inc.  for $2.1  billion in cash, the companies said on Tuesday.
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By Alicia Wallace, Daily Camera, Boulder, Colo.  May 25--A local holding company founded by former area telecommunications  executives and bankrolled by five institutional investors announced plans  Thursday to acquire a Pennsylvania telecom in a deal valued at $60 million.
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Cablevision Systems Corp. said its Rainbow DBS unit is to buy five satellites from Lockheed Martin Corp. for about &#36;740 million as it expands its satellite television operations.
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Cognos, Canadaâs biggest software company, said it planned to buy Applix for $339 million to expand in financial performance management.
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Eye-care company Bausch & Lomb said on Sunday it agreed to buy privately held Eyeonics Inc, which makes an intraocular lens used for the treatment of cataracts.
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Paetec Holding, a little-known New York telecom operator, built its business selling phone and Internet services to corporate customers. McLeodUSA of Iowa was battered by the 2000 telecom market crash, twice forced into bankruptcy and major rounds of layoffs.
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BFI Canada Income Fund, which owns a Canadian trash hauler, agreed to buy closely held IESI Corp. of Texas for C$1.1 billion ($930.3 million) in equity and debt to expand in the US South and Northeast.
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Advanced Medical Optics Inc.  on Thursday confirmed it was interested in exploring a potential acquisition of Bausch & Lomb Inc.  and offering a superior price than the eye-care company's deal to be bought by a private equity firm for $3.67 billion.
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Telephone number and area code clearing firm NeuStar, Inc.  said on Monday it acquired Followap, Inc., a UK-based provider of mobile instant messaging products, for $139 million in cash.
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Share sale to fund 'world's biggest fab' expansion plan