Complex sentence: In 1986 ITT sold its international telecommunications product businesses, to Compagnie Générale d'Electricité (CGE) Alcatel subsidiary, forming Alcatel N.V. (Netherlands), at the time the world's second-largest telecommunications company.
Split into simpler sentences: In 1986 ITT sold its international telecommunications product businesses, to the Compagnie Générale d'Electricité (CGE) Alcatel subsidiary, forming Alcatel N.V. (Netherlands). At the time this was the world's second-largest telecommunications company.