Network Computing is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Alcatel Buys Lucent for $13 Billion

PARIS/NEW YORK - French telecoms equipment group Alcatel said on Sunday it had finalized a deal to buy Lucent Technologies for around $13 billion to strengthen its position in a consolidating market.

The transaction, which will see Alcatel shareholders have the lion's share of the new company, comes amid a wave of consolidation in the telecoms industry and will create a company with combined revenues of around 21 billion euros ($25 billion).

The companies said the deal would result in a 10 percent reduction in their combined global workforce.

"This is an industry where size and scale matter," Patricia Russo, who will be chief executive of the new group, said on a conference call.

  • 1