Word: alcatel
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Other companies have moved to defend their turf against the phone giant. In retaliation for AT&T's invasion of its credit-card market, American Express has formed a joint venture with long-distance rival Sprint. Alcatel, the French phone-equipment manufacturer, has entered a partnership with Sprint. And two weeks ago, British Telecom acquired a 20% stake in MCI. Says Ronald LeMay, president of the long-distance-service division of Sprint: "The more AT&T expands, the more allies it creates...
...could service scores of other Mexican urban areas that have the prerequisite pay-phone networks. Farther afield, Comverse is eyeing markets in developing countries from South America to the Far East. The company has links with major distributors like Samsung in Korea and Oki in Japan, as well as Alcatel, the French telecommunications giant, which rang up the Mexican deal...
...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...