ON THE UP GEC
Sunday 28 November 1999
Chief executive George Simpson aims to double GEC's market value in five years by focusing on faster-growing communications businesses. GEC has spent more than $8bn (pounds 5bn) to buy phone equipment makers this year, fuelling an 88 per cent rise in sales at its communications unit.
"People are seeing good growth in telecoms and that's what's important going forward," said Andy Chambers, an analyst at SG Securities.
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