A light modulating device, is provide, which includes a first set of fibers and a second set of fibers being arranged to form a two dimensional array of junctions between fibers of the first set of fibers and fibers of the second set of fibers. Each of the fibers of the first and second sets of fibers includes a longitudinal conductive element, whereas fibers of at least one of the first and second sets of fibers, at least at the junctions, further include a coat of an electro-optically active substance being capable of reversibly changing its optical behavior when subjected to an electric or magnetic flux or field. The light modulating device has advantages over prior art light modulating devices because it is (i) readily fabricated in any desired dimensions; (ii) flexible; (iii) foldable/collapsible; (iv) simple to manufacture; and therefore (v) cost-effective.