Alcatel integrates Shanghai Bell

Alcatel integrates Shanghai Bell

PARIS: French telecommunications equipment maker Alcatel has completed steps to integrate Chinese telecom company Shanghai Bell, which it acquired seven months ago, Alcatel said here Tuesday.

Alcatel Shanghai Bell, in which Alcatel has a 50.001 percent stake, is expected to post sales of $2billion (2.2 billion euros) in its first year of operation, the French group added.

The new entity, which could one day be traded on the stock exchange in China, brings together Alcatel China, Shanghai Bell and Shanghai Bell Mobile Communications.--AFP