Monday, June 19, 2006
Telecom Giants in Europe Plan $30 Billion Deal - New York Times
Telecom Giants in Europe Plan $30 Billion Deal - New York Times: "The cross-border deal, which was approved by the boards of both companies, would create the world's third-largest network equipment concern behind Ericsson and a combined Lucent and Alcatel, which announced plans to merge three months ago. The transaction is also likely to put considerable pressure on Motorola, which will fall to the No. 4 position among network equipment makers in the world, just as its business is turning around as a result of its hot-selling Razr cellphones. "