PARIS—Alcatel Inc. snapped up a global framework agreement to supply Vodafone Group plc with network equipment and services worldwide. Though Alcatel didn’t divulge how much the agreement means in terms of revenues, the deal could be worth billions considering Vodafone Group’s global footprint.Vodafone is...
The infrastructure industry's merger of the season looks to be a done deal, as Lucent Technologies Inc. and Alcatel Inc. announced that their shareholders approved Alcatel's $10.7 billion proposal to acquire Lucent in the midst of fierce global competition for wireless infrastructure market share....
MURRAY HILL, N.J.—The infrastructure industry’s merger of the season looks to be a done deal, as Lucent Technologies Inc. and Alcatel Inc. announced that their shareholders approved Alcatel’s $10.7 billion proposal to acquire Lucent in the midst of fierce global competition for wireless infrastructure...
PARIS-Alcatel Inc. cut a deal with Nortel Networks Ltd. to buy the Canadian supplier's UMTS radio access business for $320 million.Alcatel says the purchase will strengthen its UMTS market position as well as its research-and-development capabilities, namely in HSxPA and next-generation Long-Term Evolution."We are...
PARIS—Alcatel Inc. cut a deal with Nortel Networks Ltd. to buy the Canadian supplier’s UMTS radio access business for $320 million. Alcatel says the purchase will strengthen its UMTS market position as well as its research and development capabilities, namely in HSxPA and third-generation...
As shareholders of Lucent Technologies Inc. and Alcatel Inc. get set to vote Sept. 7 on the companies' proposed merger, analyst opinions run the gamut on the infrastructure "merger of the season." "It has been a long, arduous year for (Lucent chief) Pat Russo...
PARIS—As Alcatel Inc.’s shareholders get set to vote on the issue Sept. 7, analyst opinions run the gamut on the infrastructure "merger of the season" between Alcatel and Lucent Technologies Inc. According to Joe Chaisson, analyst at Susquehanna Financial Group, "it has been a long,...
WASHINGTON-Lucent Technologies Inc. filed a document with the Securities and Exchange Commission stating that once its acquisition by Alcatel Inc. closes, the combined company will be called Alcatel Lucent. The SEC filing contains a letter from Lucent in which the company invites its shareholders...
WASHINGTON, D.C.—Without any fanfare, deservedly, Lucent Technologies Inc. filed a document with the Securities and Exchange Commission stating that once its acquisition by Alcatel Inc. closes, the combined company will be called Alcatel Lucent. The SEC filing contains a letter from Lucent in which...
PARIS-Alcatel Inc. appears to be strengthening its UMTS market share as the French vendor bought out Fujitsu's 34-percent stake in the pair's UMTS joint venture, while at the same time, reports began surfacing saying Alcatel is on the brink of buying Nortel Networks Ltd.'s...
SAN DIEGO—Can a magazine brand help sell mobile phones and, presumably, vice versa? That question could be answered soon as the Elle Magazine partnership with Alcatel to produce the GlamPhone Elle—a dual-band GSM phone with features designed to appeal to the magazine’s readership of...
PARIS—French news organizations reported Alcatel Inc. has confirmed that it bought Fujitsu’s remaining 34 percent stake in the UMTS joint-venture, Evolium, which the two companies formed in 2000. Though financial details have not been disclosed, the purchase is interesting because Alcatel has been rumored...
PARIS-Alcatel SA reported second-quarter net profits of $228.7 million, an 8-percent decline from last year's $249.4 million. The profits came from sales of $4.3 billion, a 7.6-percent increase from last year's revenues of $4 billion.Though the company's margins in its wireless network equipment are...
PARIS—Alcatel SA reported second-quarter net profits of $228.7 million, an 8-percent decline from last year’s $249.4 million. The profits came from sales of $4.3 billion, a 7.6-percent increase from last year’s revenues of $4 billion. "While preparing for the merger with Lucent Technologies Inc....
MURRAY HILL, N.J.—Lucent Technologies Inc. said a North American slowdown in wireless network equipment sales caused its year-over-year revenue to sink 12 percent and its net income to plummet 79 percent. The company reported third-quarter net income of $79 million from revenues of $2.05...
MURRAY HILL, N.J.-The merger of Lucent Technologies Inc. and Alcatel has received regulatory approval from federal antitrust authorities, according to a filing by Lucent with the U.S. Securities and Exchange Commission. According to the filing, the companies expect the merger to be completed within...
MURRAY HILL, N.J.—The merger of Lucent Technologies Inc. and Alcatel has received regulatory approval from federal antitrust authorities, according to a filing by Lucent with the U.S. Securities and Exchange Commission. According to the filing, the companies expect the merger to be completed within...
WASHINGTON-Alcatel SA and Lucent Technologies Inc. have been forced to defend their proposed trans-Atlantic merger after a key lawmaker raised security concerns about the deal in a letter to President Bush. "I have several grave concerns about the potential merger of French-owned Alcatel and...
WASHINGTON—Alcatel SA and Lucent Technologies Inc. have been forced to defend their proposed transatlantic merger after a key lawmaker raised security concerns about the deal in a letter to President Bush. "I have several grave concerns about the potential merger of French-owned Alcatel and...
As earnings reports tumbled in, equipment vendors pointed to third-generation pricing wars and the still-not-granted 3G licenses for China's advanced network buildout as reasons for sluggish financials. Alcatel Inc. reported strong growth in its fixed-line business during the first quarter, but intense competition in...
PARIS—Alcatel Inc. reported strong growth in its fixed-line business during the first quarter, but intense competition in mobile network equipment sales hurt the company’s operating margin, which rose to 6.5 percent from 4.1 percent a year ago, but fell below analyst expectations of 8...
The "merger of equals" between Alcatel Inc. and Lucent Technologies Inc. is officially moving forward with Lucent's chief executive, Pat Russo, set to lead the yet-to-be-named Paris-based telecom giant, the companies said.Alcatel's Mike Quigley, corporate operations officer, will be part of a multicultural management...
As Alcatel Corp.'s board of directors met last Thursday to review its "merger of equals" with long-time rival telecom equipment vendor Lucent Technologies Inc., analysts were pounding out reports and talking up a storm, delving into the merger's many angles. The Yankee Group said...
WASHINGTON-Experts said a merger between French telecom giant Alcatel SA and U.S.-based Lucent Technologies Inc. likely would undergo intense scrutiny over national security implications, possibly delaying but not necessarily dooming a blockbuster vendor deal that could become a major test case for congressional-driven reforms...
