Business Services Industry

Tyco International

Latin Trade, August, 1999 by Sergio R. Bustos

TYCO INTERNATIONAL, a U.S.-based telecommunications equipment company, landed a $900 million contract to develop an undersea fiber-optic cable for Spain's Telefonica. The cable will connect South America, Central America and the United States, and be fully installed by mid-2001. Telefonica also sold its undersea fiber optic cable installation and maintenance business, Telecommunicaciones Marinas, to Tyco.

The price: $280 million.

COPYRIGHT 1999 Freedom Magazines, Inc.
COPYRIGHT 2008 Gale, Cengage Learning
 

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