Alcatel to form venture
Alcatel Alsthom, which aims to strengthen its presence in the burgeoning Chinese telecommunications market, says it is forming a joint venture with Shanghai Bell Telephone Equipment Manufacturing Co.
The joint venture is Alcatel's ninth in China.
The new company will make equipment for the Chinese market and also be responsible for distribution, installation and maintenance. Previous agreements with Shanghai Bell will be covered by the new company, Alcatel said.