The deal is expected to help it enter the telecommunications industry, officials said.
[C11.] Fears of Getting Mushy at 50 Dean Becker, founder and chief executive of ewireless, which links wireless phone customers with advertisers, said he entered the telecommunications business at a time when people spoke to one another, not to computers.
Mr. Sullivan's skills were honed before he entered the telecommunications industry at KPMG, the accounting firm credited this week with uncovering the scandal after WorldCom hired it to replace Arthur Andersen.
Power-One Inc., a maker of power supplies for electronic equipment, agreed yesterday to buy Powec A. S. of Norway and a unit of the Crane Company for $93 million in cash and stock to enter the market for telecommunications power supplies in Europe and Asia.
It would be entered into existing telecommunications computers.
According to analysts, Global Crossing could be preparing to enter the fray of big telecommunications mergers by shifting the focus of its operations to make itself more attractive for a possible suitor.
Before then, foreign telecommunications companies are expected to enter the marketplace with new fixed-point wireless systems for household telephone and high-speed Internet service.
Research and product development in electronics, capacity expansion in telecommunications or strategic acquisitions to enter new markets are examples of strategic investments that are difficult to analyse based on standard discounted cash flow approaches.
The Telecommunications Act of 1996 allowed local carriers to enter the long distance business as they allowed other companies to compete with them in the local arena.
The Telecommunications Act of 1996 allows local phone companies to enter the long-distance market on a state-by-state basis as they convince the F.C.C. that they have opened their local networks in those states.
