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Alcatel buys N.B.-based iMagic

News | 02/20/2003 5:00 am EST

French telecom giant Alcatel says its recent proposal to acquire iMagicTV should help the St. John NB-based company pursue global sales when integrated into Alcatel’s broader entertainment solutions portfolio (CNM, Feb. 7/03). While skeptics may wonder if the take-over was motivated solely by the uncertain financial outlook for iMagicTV, Peter Merriman, Alcatel’s director of broadband entertainment business, says the deal was struck as part of a larger strategy.

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