Word: alcatel
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Dates: during 1980-1989
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...part, CGE has long wanted to expand. Last December CGE seemed to have concluded a joint venture with AT&T and its Dutch partner, Philips. In that deal, AT&T-Philips would have taken over 16% of France's telephone network in return for helping a CGE subsidiary, Alcatel, market telephone equipment in the U.S. The French government, however, failed to approve that agreement, and could block the ITT deal. But if France consents to the sale, CGE will become a sort of pan-European counterweight to AT&T. Says one journalist from the French newspaper Le Figaro: "This could...