AT&T Co and Sumitomo Electric Industries Ltd now have a name for their joint venture to make and market fibre optic cables in North Carolina: the name is Litespec Inc and the 51%-AT&T-owned firm, capitalised at $4m, starts production any day, with a first year target of over 30,000 miles of fibre, taking over a 60 strong workforce in Research Triangle Park currently employed by Sumitomo’s Sumitomo Electric Research Triangle Inc arm.
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