Alcatel to Buy Nortel UMTS Unit for $320M
A Reuters newswire article, via The Boston Globe, reports that:
Alcatel has signed a preliminary agreement to buy Nortel's third generation UMTS cell phone network unit for $320 million, aiming to achieve greater scale amid cut-throat price competition.More here.
The deal, unveiled on Friday, will help the French communications network provider push into tough markets such as China and widen its presence in Europe and North America.
It turns Alcatel into the world's third largest provider of UMTS networks, with a market share of around 12 to 14 percent, behind leader Ericsson and Nokia/Siemens, analysts said.
posted by Fergie @ 9/01/2006 11:28:00 AM
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