View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 7, 1997updated 05 Sep 2016 12:57pm

AMERITECH SEEKS EUROPEAN SECURITY COMPANIES TO BUY

By CBR Staff Writer

Ameritech Corp, Chicago said on Friday that it is in acquisition talks with several European security monitoring companies, and that the deals would be worth $200m to $500m each. There are some serious negotiations going on, Ameritech’s international affairs director Dennis LaComb told Reuters, adding that the company, hardly the most visible of the Baby Bells in Europe, wants to double its current $4bn European investments over the next few years. The company has built up a portfolio of security monitoring companies back home that use phone lines for applications such as linking customers’ home alarm systems to police stations, turning itself by acquisition into the second biggest in the business, and it wants to do the same in Europe. First deals are likely to be in Germany and France, although the company is also looking Scandinavian firms and is considering the UK, LaComb said.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU