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SRT gains stranglehold on rural telephony market by acquiring Lucent assets

News | 08/07/2001 4:00 am EDT

SR Telecom Inc’s proposed acquisition of the French-based fixed wireless assets of its struggling competitor Lucent Technologies Inc would give the company a better presence in Europe and access to important European financing. The deal would also consolidate the Montreal-based company’s already dominant position in the rural telephony market giving it an additional 30 per cent market share.

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