Sumitomo Electric Industries (SEI) announced on 5 December the firm and Nexans of France agreed on tie-up in European optical fiber cable business. SEI will acquire 40% equity in Opticable, an optical fiber cable maker wholly owned by Nexans. SEI aims to increase its presence in European optical fiber cable market, especially FTTH (Fiber-to-the-Home) market. SEI will supply optical fiber and present its optical network and FTTH related technologies to Opticable. Nexans will utilize its sales network in European region and expand the sales of Opticable’s products.
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