Technology Industry
Industry: Email Alert RSS FeedPMC to acquire Passave.(MERGERS AND ACQUISITIONS)
FTTX, April, 2006
PMC-Sierra Inc., a provider of broadband communications and storage semiconductors, announced that it has entered into a definitive agreement to acquire Passave Inc., a developer of system-on-chip semiconductor solutions for the fiber-to-the-home (FTTH) access market. Based on analyst estimates and service-provider announcements, it is estimated that between 45 and 60 million homes worldwide will be connected using Passive Optical Networking (PON) technology by 2010.
The acquisition price of approximately $300 million is expected to be paid through the issuance of PMC-Sierra common stock. The deal is expected to close within April 2006 and is conditioned upon the receipt of normal governmental rulings. PMC-Sierra expects the acquisition will be...
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