C-COR.net [CCBL] will acquire all of MAN packet-based transport solutions provider Lantern Comm for a cash payment of $20mln. — Tellabs will shell out $1.9bln in cash and stock to acquire Advanced Fibre Communications. AFC chmn & CEO John Schofield will join Tellabs as COO when the deal closes later this year. Verizon, which launched its aggressive FTTP initiative yesterday, tapped AFC as one of its primary vendors. — Viacom [VIA] declared a regular quarterly cash dividend of 6 cents/share on its Class A and B Common Stock, payable July 1.

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Thursday–August 29

Still No DirecTV, Disney Deal

DirecTV’s contract to carry ESPN, ABC O&Os and other Disney networks is set to expire Sunday. The two sides were still talking Thursday, but it did not sound like an agreement was imminent.

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