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Deposition Sciences Inc. - Difficult Coatings - LB - 8/23

Competition Drives Baby Bells to Sell Bellcore to Defense Firm

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Kathleen G. Tatterson

TRENTON, N.J. -- After more than 18 months of negotiations, a San Diego-based defense technology contractor has agreed to buy Bellcore, the research concern of the seven regional Baby Bells.In the deal, reportedly worth $700 million, the sale of Bellcore to Science Applications International Corp. (SAIC) will be finalized in late 1997, pending federal and state regulatory approval. Each owner company would receive an equal share of the proceeds.The consortium Regional Bell Operating Companies currently owns Bellcore (Bell Communications Research). The owner companies are: Ameritech Corp. of...Read full article

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    Published: January 1997
    BusinessCommunicationsdefenselight speed

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