Alcatel (ALA) and France Message Board

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Technology Stocks : Alcatel (ALA) and France

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To: Steve Fancy who wrote (9)	9/25/1998 2:44:00 PM
From: Steve Fancy	of 3891

Alcatel, Tyco Get $150M Caribbean Telecoms Contract PARIS (Dow Jones)--French telecommunications and electronics group Alcatel SA (F.ALA) said Tuesday that it has been awarded a $150 million contract to lay an undersea network in the Caribbean alongside Tyco Submarine Systems. The contract, signed with several telephone operators, will link the Cayman Islands, Honduras, Costa Rica, Colombia and Panama, Mexico and the U.S., Alcatel said in a statement. Alcatel will handle around 75% of the total contract value. The network is scheduled for completion in 2000. Tyco Submarine is the undersea communications unit of the Bermuda-based Tyco International conglomerate (TYC).

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