Philips, Lucent are likely to abandon joint phone venture after steep losses

Article Abstract:

Philips Consumer Communications (PCC), the joint venture firm of Lucent Technologies Inc. and Philips Electronics NV, is expected to be disbanded by its parents after the firm posted a deficit of about one billion guilders ($540million) in its first year of operations. The company, 60%-owned by Philips, was intended to become one of the world's top maker of cellular handsets. However, fierce competition from rivals that include Telefon AB L.M. Ericsson, Motorola Corp. and Nokia Oy, together with production and management problems at PCC has resulted in an insignificant share of the market.

Comment:

Is expected to disband Philips Consumer Communications after the firm posted a deficit of about 1 bil guilders

United States, Foreign operations, Organizational history, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Financial analysis, Cellular Mobile Tel Equip, Wireless telephones, Koninklijke Philips Electronics N.V., Lucent Technologies Inc., Article, Philips Consumer Communications

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Unisource says it will sell off remaining units

Article Abstract:

Unisource announced that it will sell off its remaining operations. The plan includes the company's long-distance carrier in France. Unisouce made the announcement after it reached an agreement to sell off Unisource Carrier Services to Energis PLC for 200 million guilders (90.8 million euros). Unisource is a pan-European telecommunications consortium.

Strategy & planning, Telecommunications, Planning, Telecommunications services industry, Telecommunications industry, Abstract, Unisource

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Cell-phone firms face new barrier: fear of towers

Article Abstract:

The article discusses the new barrier faced by cell-phone companies in Europe, radiation. Europeans are concerned about levels of electromagnetic radiation being emitted by cell-phone towers and antennae.

Telephone and telegraph apparatus, Telephone Apparatus Manufacturing, Public affairs, Cellular Mobile Tel Switching Eqp, Safety and security measures, Wireless communications, Cellular telephone equipment industry

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