The biggest prize: Alcatel in China.
Economist (US), The, January, 1993
China is an enormous growth market for the telecommunications industry, as it now has just two telephone lines for every 100 people, unlike richer countries that have twenty times as many. Alcatel is poised to invest heavily in this market.
WITH more than $20 billion in sales last year, Alcatel is the world's biggest telecommunications-equipment company. By 2000 the Paris-based firm may have put more distance between it and its rivals. Alcatel is well positioned in China, which could become the largest telecoms-equipment market on earth in the next decade.
China can use all the telephone exchanges, switchboards, cables and transmission gear it can get. Rich countries have 40-50 telephone lines for every 100 people; China has only two. All told, there are only 25m...
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