Feeds

GEC and Alcatel plan £30 billion merger

They've some things in common, but it looks a remarkably bad fit

  • alert
  • submit to reddit

Security for virtualized datacentres

The UK's General Electric Company (GEC) and France's Alcatel are considering a £30 billion merger, according to a report in yesterday's Sunday Times. Merger negotiations have come out of partnership talks the companies have had over the past few months, according to the report. But although the two companies have a certain amount in common, in other areas they seem more likely to clash than complement. From GEC's perspective a deal would strengthen links between its defence electronics arm, Marconi, and Thomson-CSF, the French defence group in which Alcatel has a 16 per cent stake. But as one of the possible areas of 'co-operation' said to have been considered was the sale of GEC's telecoms equipment business to Alcatel, the two don't necessarily both want to stay in the areas they have in common. Register factoid: GEC's telecoms business was formerly known as GPT, which is rude when pronounced in French. Alcatel is also investing heavily in the Internet, in wireless, in satellite, and in personal communicator-style products, and none of these seem of much direct interest to GEC. The British company, on the other hand, has a long history of financial wheeling and dealing, and that might be what's attracting it to a possible deal. Some form of merger followed by de-merger, leaving one GEC-style business and one or more consumer/networking operation? GEC would no doubt like that, but would Alcatel? And indeed, would the French government? ®

Security and trust: The backbone of doing business over the internet

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Why Oracle CEO Larry Ellison had to go ... Except he hasn't
Silicon Valley's veteran seadog in piratical Putin impression
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.