• 05/24/2004
    6:00 PM
  • Network Computing
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Lucent Acquiring Internet Phone Provider Telica

Lucent Technologies has agreed to buy Telica, a privately held Internet phone service provider, for about $295 million in stock and options, the telecommunications giant announced Monday.

Lucent also said the acquisition could dilute fiscal 2005 per-share earnings by 1 to 2 cents, while having a neutral to slightly beneficial effect in the following fiscal year.

Telica has about 250 employees worldwide, with the vast majority at its headquarters in Massachusetts.

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