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ISSN: 1391 - 0531
Sunday, December 10, 2006
Vol. 41 - No 28
Financial Times  

Alcatel and Lucent complete merger

Paris and Murray Hill, N.J., November 30 – Alcatel and Lucent Technologies last week announced the completion of their merger transaction and that they will begin operations as the world's leading communication solutions provider on December 1. The new company Alcatel-Lucent, with one of the largest global R&D capabilities in communications and the broadest wireless, wireline and services portfolio, is incorporated in France, with executive offices located in Paris.

Serge Tchuruk, appointed as Chairman of the Board of Alcatel-Lucent, said: “Alcatel-Lucent will be for our customers a partner with the scale and scope to design, build and manage increasingly complex networks that deliver advanced converged services and communications experience to the end-user. That is what Alcatel-Lucent will deliver with an unparalleled focus on execution, innovation and service for our customers: the company will have the most experienced global services team in the telecommunications industry, as well as one of the largest research, technology and innovation organizations in the industry. In fact, our combined company is ideally positioned to help our customers transform their networks so they can offer new kinds of personalized, blended applications and services.”Patricia Russo, appointed today as Chief Executive Officer of Alcatel-Lucent, added: “Through this merger, we are bringing together two top-ranking companies to form an undisputed leader in the industry, a company poised to enrich people’s lives by transforming the way the world communicates.”

With a comprehensive and diversified portfolio of complementary products, Alcatel-Lucent is well-positioned to address the fastest growing areas of network transformation. The company is a leader in IPTV, broadband access, carrier IP, IMS and next-generation networks, and 3G spread spectrum (UMTS and CDMA). With more than 18,000 employees working in services worldwide, the company has the largest and most experienced global services team in the industry. In enterprise communications solutions, Alcatel-Lucent is No. 1 in Europe and has more than 250,000 enterprise and government customers worldwide, the new company said in a statement.

 
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Copyright 2006 Wijeya Newspapers Ltd.Colombo. Sri Lanka.