Alcatel (Dallas, TX) has expanded its U.S. presence in the telecommunications equipment market by

Alcatel (Dallas, TX) has expanded its U.S. presence in the telecommunications equipment market by acquiring dsc Communications Inc. (Plano, TX) in a stock-for-stock transaction valued at approximately $4.4 billion. The deal allows Alcatel to add dsc`s intelligent network products and switching equipment to its Asynchronous Transfer Mode (atm) and digital switching technologies. Krish Prabhu, president and chief executive officer of Alcatel Network Systems Inc., a subsidiary of Alcatel, will serve as president and ceo of the combined company, which will continue to be headquartered in the Dallas area. The transaction is expected to be completed by the end of third quarter 1998.