Close

Alcatel, Lucent finalize merger

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Alcatel, Lucent finalize merger

Telecoms equipment companies Alcatel and Lucent Technologies said on Sunday they had entered a definitive agreement to merge and form a new group with revenues of around $25.4 billion.

The transaction, which will see Alcatel shareholders have the lion’s share of the new company, stands to create a world leader in its sector and comes amid a wave of consolidation in the telecoms industry.

Read the complete story here. (eWeek)

Author