Tyco Buys AT&T Undersea Unit
In an effort to strengthen its hold on the undersea fiber optic cable market,
Tyco International Ltd. agreed to purchase
AT&T Submarine Systems Inc., a manufacturer of undersea fiber optic telecommunications cable. The purchase price was $850 million. Tyco, based in Exeter, N.H., makes disposable medical products, packaging materials, and electrical and electronic components. Tyco has projected the submarine cable unit's revenues at about $1 billion for 1997. In March, the company bought home-security company
ADT for $5.4 billion.
LATEST NEWS
- CLEO Heads to the East Coast
Apr 29, 2024
- Laser-Based Gas Analyzer Developed to Detect Air Pollution
Apr 29, 2024
- Qubits Could be Stored in Flash-Like Memory
Apr 29, 2024
- Exail Signs LLNL Contract, Partners with Eelume
Apr 26, 2024
- Menlo Moves U.S. HQ: Week in Brief: 4/26/2024
Apr 26, 2024
- Optofluidics Platform Keys Label-, Amplification-Free Rapid Diagnostic Tool
Apr 25, 2024
- DUV Lasers Made with Nonlinear Crystals Enhance Lithography Performance
Apr 25, 2024
- Teledyne e2v, Airy3D Collaborate on 3D Vision Solutions
Apr 24, 2024