Search
Menu
PI Physik Instrumente - Fast Steering LB LW 11/24

Tyco Cleared to Buy Stake in Flag Telecom

Facebook X LinkedIn Email
PEMBROKE, Bermuda, May 28 -- Tyco International Ltd. said it received antitrust clearance to buy an 11 percent stake in Flag Telecom Holdings Ltd. an owner of under-sea telecommunications cable. Tyco said the purchase would be made by its TyCom Ltd. unit, which provides advanced broadband communications capacity, and would be paid for with TyCom shares and cash.     Tyco said the transaction would not involve a change in control of Flag Telecom. Tyco will hold the Flag Telecom shares for investment purposes and has no intention or right to acquire any additional equity interest in Flag...Read full article

Related content from Photonics Media



    Articles


    Products


    Photonics Handbook Articles


    Webinars


    Photonics Dictionary Terms


    Media


    Photonics Buyers' Guide Categories


    Companies
    Published: May 2001
    CommunicationsNews & Features

    We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.