Newbridge to Expand on Asia Telecoms Liberalization, BT Says
By Christina Soon
Singapore, April 24 (Bloomberg) -- Newbridge Networks
Corp., Canada's No. 2 phone-equipment maker, said it plans to
increase its high-speed wireless business in Asia by 100
percent in the next quarter beginning in May as the region's
telecommunications industry liberalizes, the Business Times
newspaper reported, citing Peter Charbonneau, the company's
vice chairman. Newbridge, which has its regional headquarters
in Singapore, plans to set up offices in Indonesia and Vietnam
by the end of this year. Singapore, India and Thailand are
Newbridge's three largest markets in South Asia, the paper
said.
Newbridge said its shareholders will vote on a takeover
bid by Alcatel SA, Europe's No. 2 phone-equipment maker, on May
16. Paris-based Alcatel agreed in February to buy Newbridge for
$6.69 billion in stock and debt.
(BizIT of Business Times, 4/24, p2)
For the Web site of the Business Times, click on {SPBT } |
