Tuesday, September 14, 2004

Built for America, Owned in Asia

By now, you've probably heard about the attempt by Reliance Telecom and Tata Indicom to take over Tyco Global Network's assets for about $200 million (compared to the $3.4 valuation at the peak of the boom). This comes after Reliance's takeover of the Flag network which was preceded by SingTel's buyout of Global Crossing's $10 billion network for about $250 million. ...

Read more here.

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