Search
Menu
PI Physik Instrumente - Revolution In Photonics Align ROSLB 3/24

Alcatel to Buy Lucent, Cut 8800 Jobs

Facebook X LinkedIn Email
PARIS and MURRAY HILL, N.J., April 3, 2006 -- Telecom equipment maker Alcatel of France will acquire competitor Lucent Technologies for $13 billion in stock, creating a company with annual worldwide sales of $25 billion and approximately 80,000 employees, the two companies announced yesterday. Under terms of the deal, which has been approved by the boards of directors of both companies, Alcatel will distribute $13.5 billion in stock to Lucent shareholders. Alcatel shareholders will ultimately own 60 percent of the new company and Lucent shareholders 40 percent. The combined company, unnamed...Read full article

Related content from Photonics Media



    Articles


    Products


    Photonics Handbook Articles


    White Papers


    Webinars


    Photonics Dictionary Terms


    Media


    Photonics Buyers' Guide Categories


    Companies
    Published: April 2006
    AlcatelBell LabsCommunicationsdealdefenseFranceLucentnational securityNews & FeaturesR&DRussoshareholdersstockSubsidiarytelecom

    We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.