GEC Plc is talking to another Compagnie Generale d’Electricite SA affiliate, this time the Cables de Lyons SA subsidiary of Alcatel NV, with a view to selling its small telecommunications cable business to the French company, perhaps in return for a holding in Cables de Lyons: since Alcatel is a fierce rival of GEC’s partner […]
GEC Plc is talking to another Compagnie Generale d’Electricite SA affiliate, this time the Cables de Lyons SA subsidiary of Alcatel NV, with a view to selling its small telecommunications cable business to the French company, perhaps in return for a holding in Cables de Lyons: since Alcatel is a fierce rival of GEC’s partner on the bid for Plessey Co, Siemens AG, the move would further extend GEC’s position as junior partner in each of the major US and European players in the areas where it operates.
