Product details

Take the world''s most challenging market. Concentrate almost all your previously dispersed assets - 12 joint ventures and wholly owned businesses - into one basket. Move the management of all of your regional activities to this location. Place access to your worldwide intellectual property on the table and add $312 million for the portion of equity in a joint venture that gets you up to 50% plus one share, and then turn the venture''s structure and governance on its head in order to not only build the most technically and sales-aggressive telecom competitor in the China market, but one that also gives you access to Chinese brains and brawn in producing a global product for the global market. A recipe for revolution across the global market place, or yet another misguided investment in China''s elusive dream? Alcatel, France''s venerable telecom giant, is betting the former.