In this paper, for the first time, the visible fluorescence properties, resonance energy transfer mechanism responsible for non-radiative decay rates of 5 D 4 → 7 F 5 transition and also quenching of fluorescence intensity of the 5 D 3 → 7 F 5 transition of various concentrations of Tb 3+ ions in LBZLFB glasses are reported. Optical absorption, fluorescence spectra and quantum efficiencies are measured and analysed. Green fluorescence related to 5 D 4 → 7 F 5 (548 nm) transition is registered under excitation of 378 nm of Tb 3+ ions. Based on excitation and fluorescence measurements, several spectroscopic parameters for Tb 3+ ions are examined as a function of concentration by Judd-Ofelt theory to judge the suitability of studied glasses for display devices and fibre lasers.