Alcatel to acquire Nortel's UMTS business for $320 million
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French telecommunications equipment provider Alcatel says it plans to buy Canadian firm Nortel's third-generation mobile telephone business and related assets for 320 dollars (410 million euros).
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Network equipment companies Alcatel SA  and Lucent Technologies Inc.  said on Thursday they had completed their merger, creating one of the world's biggest suppliers of network equipment for mobile phones and high-speed Internet communications.
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France's Alcatel SA completed its $11.6 billion acquisition of Lucent Technologies Inc. on Thursday, creating a new leading global telecom equipment maker, the companies said in a statement.
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By LAURENCE FROST  PARIS - Alcatel's purchase of U.S. rival Lucent Technologies Inc.
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California-based Qualcomm Inc, the worldâs largest provider of code division multiple access (CDMA) technology, has acquired Spike Technologies Inc for $19 million.
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Alcatel  has expanded its foothold in the key North American market with the acquisition of a mobile software provider and a conference technology business for &#36;277 million.
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Cellular giant Alltel Corp. said Monday it is buying Western Wireless Corp. in a &#36;4.4 billion cash and stock deal expected to make it the fifth-largest U.S. wireless company.
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The deal follows Alcatel&#039;s April plan to acquire Lucent  Technologies Inc. to create the world&#039;s top telecoms gear maker  by annual sales, and comes years after Wall Street analysts  have called for mergers in the crowed sector.
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Sprint Corp. on Wednesday agreed to  buy wireless telephone company Nextel Communications Inc. in a  cash and stock deal worth about $35.17 billion to gain more  business customers and more wireless airwaves to transmit  calls.
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(InfoWorld) - Alcatel-Lucent, a global communications giant with combined annual revenue of more than US$24 billion, will debut Friday after a sometimes rocky engagement between Alcatel SA and Lucent Technologies Inc. The deal closed Thursday,Â about eight months after it was announcedÂ and followingÂ national security concerns,Â investor lawsuitsÂ and one close shareholder vote. On Friday, the company is set to begin trading on the Euronext Paris exchange and the New York Stock Exchange under the ticker symbol ALU. Both companies were among the largest suppliers of wired and wireless infrastructure, and the combined entity boasts impressive statistics: 79,000 employees in 130 countries, about 23,000 of whom work in research and development, a services team of more than 18,000, and customer relationships with the 100 largest service providers in the world. The consolidation comes as carriers, the consumers of telecommunications gear, also combine into fewer and bigger entities. The new company will be incorporated in France and based in Paris but run by Chief Executive Officer Patricia Russo, the American outgoing chief of Lucent. Alcatel head Serge Tchuruk is a non-executive chairman of the board. Both were appointed Thursday. Bell Labs, Lucent's venerable research unit, will remain in New Jersey and a special business will be set up to handle sensitive U.S. government contracts. Alcatel will sell its satellite business to ease national security concerns in France. The deal came under fire from some investment firms and shareholders. In September, Lucent settled two proposed class-action lawsuits by investors that threatened to delay its shareholder vote, and the deal then passed with less than 52 percent of the vote. The last key hurdle was approval by the U.S. Committee on Foreign Investment In the U.S. (CFIUS), which earlier this month signed off on the deal on the condition that the companies execute national security agreements with certain U.S. government agencies. Alcatel-Lucent expects to gain significant savings within three years from cutting about 9,000 jobs, consolidating support functions, optimizing its supply and procurement system and leveraging its research and services operations across a larger base. The company will discuss the news on a webcast on Friday at 1 p.m. Central European Time (12 p.m. GMT).
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Sprint Corp., the third-largest wireless phone company in the US, doled out US$3 billion worth of contracts Tuesday to long-time suppliers Lucent Technologies, Nortel Networks and Motorola.
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Networking gear maker Alcatel on Friday announced acquisition plans for a pair of US companies to help it gain access to wireless and collaboration technologies.
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German electronics group Siemens said it had won a large contract with Cingular, the leading US mobile phone operator, to supply a UMTS network over the next several years.
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U.S. antitrust authorities on Monday  approved Cingular Wireless' plan to acquire rival AT&T Wireless  Services Inc. for $41 billion in cash, creating the nation's  biggest wireless carrier.
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Canadian telecom giant Nortel Networks and South Korea's LG Electronics said they had agreed to establish a joint venture on telecom equipment and networking solutions.
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Regional US telecommunications group Alltel announced it had agreed to buy Western Wireless Corp. for about six billion dollars in cash and stock.
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Sprint Corp. said yesterday it will acquire Nextel Communications Inc. in a $35-billion deal that will create the nation&#39;s third-largest wireless phone carrier, Sprint Nextel.