Sign in Subscribe
Telecommunications systems

Multinational Corporations Make Strategic Moves in US and Overseas Markets

Strategic Insights

— 2 min read

Lucent Technologies Inc. secured a series of significant contracts in North America and Europe, totaling more than $300 million, to provide its TrueWave Reduced Slope fiber to Metromedia Fiber Network Inc. and PF.Net. Meanwhile, Apple Home Health Inc. sold its Apple at Your Service unit to LifeStyle Options Inc., allowing the company to focus on home health Medicare-licensed services. Additionally, McDonald's Corp. announced plans to rebrand its Spizzico pizza restaurants in Italy following a partnership with Autogrill SpA and Burger King Corp.

Key Takeaways:

  • Lucent Technologies Inc. received over $300 million in contracts to provide TrueWave Reduced Slope fiber to Metromedia Fiber Network Inc. and PF.Net, with Metromedia Fiber awarding $100 million in contracts and PF.Net signing a $200 million pact.
  • PF.Net plans to utilize the fiber for a 15,000-mile fiber optic network connecting major cities in North America and Europe, initially focusing on Los Angeles, Dallas, Houston, and Jacksonville, Fla.
  • LifeStyle Options Inc. acquired Apple at Your Service, a private-duty care-provider for older adults, from Apple Home Health Inc., expanding LifeStyle's services in the in-home personal care and support market.
  • The acquisition allows Apple Home Health to focus on home health Medicare-licensed services, marking a strategic shift in the company's focus.
  • Schaumburg-based LifeStyle Options Inc. now offers in-home personal care and support services for older adults through its expanded services.
  • McDonald's Corp. will rebrand its three Spizzico pizza restaurants in Italy following a partnership with Autogrill SpA and Burger King Corp., which has formed an alliance with Autogrill SpA.

Statistics:

  • $300 million in contracts secured by Lucent Technologies Inc. for TrueWave Reduced Slope fiber.
  • $100 million in contracts awarded to Lucent Technologies Inc. by Metromedia Fiber Network Inc.
  • $200 million in contracts signed by PF.Net with Lucent Technologies Inc. for the TrueWave RS Fiber.
  • 15,000 miles in fiber optic network planned by PF.Net using the secured TrueWave RS Fiber.
  • 125 private-duty care-givers employed by Apple at Your Service, acquired by LifeStyle Options Inc.
  • Three Spizzico pizza restaurants in Italy to be rebranded by McDonald's Corp.

Sources:

  • Lucent Technologies Inc., $300 million in contracts for TrueWave Reduced Slope fiber with Metromedia Fiber Network Inc. and PF.Net.
  • Bloomberg News, "McDonald's Corp. to change Spizzico name in Italy."
  • Apple Home Health Inc., acquisition of Apple at Your Service by LifeStyle Options Inc.
  • LifeStyle Options Inc., in-home personal care and support services for older adults.

Read more