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announced the merger of their network equipment businesses on Monday morning, and since then both stocks have increased, Jim Cramer said on his

"RealMoney" radio show.

When two companies merge, the remaining companies in that sector make money, he said. This merger is good for the telecom industry. Cramer said it shows there is opportunity knocking even as the market goes down.

This merger follows the union of telecom mammoths


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, but Cramer said he still doesn't want to put more money in the telecom sector yet because there are still too many companies competing to make a move.

There needs to be more consolidation, but until then players still have to be cautious when it comes to the telecom industry, Cramer said.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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