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Industry: Email Alert RSS FeedTyco International Ltd - News in Brief - restructuring - Brief Article
CommunicationsWeek International, Feb 4, 2002
Tyco International Ltd., the Pembroke, Bermuda-based conglomerate, will split into four companies. Tyco's subsea cabling and data hosting interests will be put into one group with security and electronics. Tyco Capital, a venture and equity fund for telecoms-related startups, among others, will be spun off as another entity.
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The breakup is intended to help the company pay down its debt load, which stands at $23 billion.
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