Alcatel and Lucent Technologies To Merge
Paris and Murray Hill, N.J., April 2, 2006 ? Alcatel (Paris: CGEP.PA, NYSE: ALA) and Lucent Technologies (NYSE: LU) today announced that they have entered into a definitive merger agreement to create the first truly global communications solutions provider with the broadest wireless, wireline and services portfolio in the industry. The primary driver of the combination is to generate significant growth in revenues and earnings based on the market opportunities for next-generation networks, services and applications, while yielding significant synergies. The combined company?s increased scale, scope and global capabilities will enhance its long-term value for shareowners, customers and employees. The transaction, which was approved by the boards of directors of both companies, will build upon the complementary strengths of each company to create a global leader in the transformation of next-generation wireless, wireline and converged networks. Download entire Press Release in PDF format.
