
LG-Nortel closed its acquisition of Novera Optics Inc., a developer of fiber-optic access solutions that extend carrier Ethernet services from optical core networks to customer premises, for approximately $16M in cash, plus up to an additional $10M to Novera security holders based on achievement of future business milestones over the next 18 months.Novera has developed an FTTx architecture based on Wavelength Division Multiplexing Passive Optical...