Hanging on the telephone

Article Abstract:

Industry observers predict the worldwide telecommunications industry will continue to undertake many mergers and acquisitions due partly to the privatisation of the industry but also as companies expand into other areas of the business. The introduction of innovative technologies has been an important impetus for acquisitions, as companies buy new ideas by purchasing other firms. Privatisation has led to many new operators coming into the industry. Several large deals were initiated in 1998, as the large companies competed to have global market dominance.

Telephone Communication, Communications Equipment, Other Telecommunications, Other Telecom Services, Industry Overview, Analysis, Mergers, acquisitions and divestments, Telecommunications services industry, Acquisitions and mergers

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ITALY: PIRELLI TO TAKE OVER SIRTI

Article Abstract:

Sirti, the Italian producer of infrastructure for telephone exchanges, is to be sold by its parent Telecom Italia to Pirelli in year 2000 for about L 2,000bn. This is part of the rationalisation move of Telecom Italia, which has been acquired by Olivetti.

Italy, Asset sales & divestitures, Acquisitions & mergers, Telecommunications, Rubber & Plastic Products, Plastics and Rubber Products Manufacturing, Telecom Italia S.p.A., Pirelli S.p.A., Sirti S.p.A.

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