Alcatel (SBF:CGEP) finalizes DSC (NASDAQ:DIGI) acquisition
Reuters, Monday, September 07, 1998 at 13:33
PARIS, Sept 7 (Reuters) - France's Alcatel said on Monday
it has finalized the acquisition of DSC Communications Corp.
and said the United States was now its largest
telecommunications market with 21 percent of its total telecom
sales.
Alcatel is combining its U.S. telecom business with DSC
into Alcatel USA Inc. and has named Krish Prabhu its president
and chief executive officer. Executives from both Alcatel and
DSC have been appointed to the top management team.
Alcatel USA Inc. will incorporate Alcatel Data Networks
activities, as well as its enterprise and consumer solutions
for the U.S. market.
"The strong position of DSC in access and switching, fixed
and mobile, coupled with Alcatel's leadership position in
transmission, broadband ATM, xDLS and data technology, creates
a major power in the U.S. market," Prabhu was quoted as saying.
"The new entity is capable of serving from the smallest
local exchange carrier to the largest international long
distance carrier, as well as the new breed of entrepreneurial
operators," he added.
paris.newsroom@reuters.com))
Copyright 1998, Reuters News Service |
