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Alcatel/Lucent merger completed
Posted on 1-Dec-2006 10:24 by Geekzone Staff. | Tags Filed under: News.

Alcatel and Lucent Technologies say they have completed merging and will beging operating as a communication solutions provider on December 1st, 2006. The new company is called Alcatel-Lucent and has a global communications portfolio of products.

The new company is incorporated in France, with executive offices located in Paris and will be traded on Euronext Paris and the New York Stock Exchange (NYSE) from December 1st, 2006 under a new common ticker (Euronext Paris and NYSE: ALU).

Serge Tchuruk is appointed Chairman of the Board of Alcatel-Lucent with Patricia Russo taking the role of CEO. The group operates in 130 countries, and is active in broadband access, carrier IP, IMS, next-generation networks, UMTS/CDMA mobile communications and more. Annual revenues proforma were Euro 18.6 billion, with Euro 2.7 billion being invested in R&D.

Alcatel-Lucent has 79,000 employees and claims 250,000 customers worldwide. The company will have four geographic regions: Asia-Pacific, Europe and North, Europe and South and North America. There will be five Business Groups: the Wireline Business Group, the Wireless Business Group and the Convergence Business Group (addressing the needs of the carrier market), the Enterprise Business Group and the Service Business Group. Each Business Group will have a decentralized regional organization that will provide strong local support to customers.

Within three years of closing, Alcatel-Lucent expects to reduce the combined worldwide workforce by roughly 9,000 employees, which together with business synergies is expected to bring savings of approximately Euro 1.4 billion pre-tax annually.

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