Alcatel wins $1.7 billion network deal
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PARIS Alcatel, the world&#39;s largest provider of broadband Internet equipment, won a $1.7 billion order to build a fiber-optic network for SBC Communications, the companies said Thursday.
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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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NTL, Britain&#39;s largest cable operator, yesterday sold its television transmission business to an Australian-led consortium in a Â£1.3bn deal.
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APN News and Media, the Australian media group, reported a 7 per cent rise in annual profits yesterday, as expected, and reaffirmed its support for a A$2.8bn ([pound]1.1bn) takeover bid from a consortium led by Independent News and Media, publisher of The Independent.
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The U.S. Treasury Department has signed a deal worth up to $1 billion with AT&T Government Solutions and its partners for a new secure high-speed network that will connect more than 1,000 Treasury Department locations around the U.S.
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NEW YORK, September 17  - Alcatel (ALA.NYS) has expanded its operations and presence in the core North American telecommunication market with two separate acquisitions for about $277 million.
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Alcatel  shareholders on  Thursday approved the French telecoms equipment provider's  all-share acquisition of U.S. rival Lucent , putting an  end to weeks of debates about the deal's merits.
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Cingular Wireless, the nation&#39;s largest mobile-telephone operator, said that it would sell some airwave rights and customers to the Alltel Corporation for $170 million to satisfy government conditions on its purchase of AT&amp;T Wireless Services.
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Alcatel-Lucent, a telecoms equipment giant valued at 21.5 billion euros (27 billion dollars), began life after the merger of French group Alcatel and its former US rival Lucent.
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Alcatel CGEP.PA has signed a   preliminary agreement to buy Nortel's NT.TO third-generation   cell phone network unit for $320 million, aiming to achieve   greater scale amid cut-throat price competition.
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Nortel Networks reached a definitive agreement to sell its UMTS (Universal Mobile Telecommunications System) business to Alcatel-Lucent on Monday, locking down a nonbinding agreement announced in September.
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(InfoWorld) - Alcatel has reached a preliminary agreement to buy Nortel Network's 3G (third-generation) mobile phone network business for $320 million. Under terms of the proposed deal, Alcatel will acquire Nortel's UMTS (Universal Mobile Telecommunications Business) radio access business, including 14 Nortel customer contracts, the companies announced Friday. UMTS is a 3G telecoms standard used in Europe based on W-CDMA (Wideband Code Division Multiple Access). The deal would make Alcatel one of the biggest suppliers of UMTS gear worldwide, giving it contracts with one in four UMTS operators, it said. The companies have signed a nonbinding agreement to merge and hope to close the deal by the end of the year. Closing the merger depends on arriving at a final acquisition agreement, negotiations with works councils, and securing regulatory and other approvals, they said. A "significant majority" of Nortel's employees in the UMTS division would be transferred to Alcatel, the companies said.. The deal appears not to affect Alcatel'sÂ proposed merger with Lucent, announced in April. That deal is due to be voted on by shareholders of both companies on Sept. 7, although some Lucent shareholders opposed the deal and are trying toÂ block the vote in court. Alcatel said it would involve Lucent in the integration of the UMTS business. The sale by Nortel continues aÂ restructuring plan at the companyÂ that has included 1,900 job cuts over the next year. The Canadian company said in a statement its UMTS access business "lacks the scale and momentum needed to become profitable." Nortel said it will continue to develop GSM (Global System for Mobile Communications) and other mobile technologies, as the company focuses on emerging 4G mobile video and multimedia services. Alcatel sees the acquisition as a way to build on an expanding UMTS market and increase it technology portfolio for major operators such as Orange and Vodafone.
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Toll Holdings Ltd.'s  Pacific National unit has won a A$1 billion ($780 million), seven-year contract to transport steel for Bluescope Steel Ltd.  and OneSteel Ltd. , sending Toll's shares up 2.5 percent.
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(InfoWorld) - Nortel Networks reached a definitive agreement to sell its UMTS (Universal Mobile Telecommunications System) business to Alcatel-Lucent on Monday, locking down a nonbinding agreement announced in September. The Brampton, Ontario, company is selling the 3G (third-generation) infrastructure business so it can focus on developing faster 4G mobile systems and supporting customers with earlier CDMA (Code Division Multiple Access) and GSM (Global System for Mobile Communications) technologies. "We didn't have the scale or momentum to be where we wanted to be and to be able to lead in this space," said Richard Lowe, president of Nortel's Mobility and Converged Core Networks unit. The deal is part of an overall restructuring kicked off by President and Chief Executive Officer Mike Zafirovski after he took over Nortel last year. The company is trying to cut costs to become more competitive and turn around years of poor financial performance. When Nortel signed a memorandum of understanding to sell the UMTS business earlier this year, Alcatel was in the process of closing its merger with Lucent Technologies Inc. Those companies closed their deal and became Alcatel-Lucent last Thursday. What Nortel now has is a binding agreement to sell the UMTS business, which it hopes to close by the end of the month. Alcatel-Lucent will pay US$320 million for the business, minus certain deductions and transaction-related costs. The timing of the agreement just days after the Alcatel-Lucent deal closed was a coincidence, said Alcatel-Lucent spokeswoman RÃ©gine Coqueran. About 1,700 employees from Nortel's UMTS unit will move to Alcatel-Lucent, the companies said. That includes substantially all the research and development team and a portion of other employees in other roles such as sales and support, Lowe said. Nortel will now focus its research on what it calls 4G technologies, including WiMax, EV-DO (Evolution-Data Optimized) Revision C, and the LTE (Long-Term Evolution) generations of UMTS, according to Lowe. All these eventually will deliver multiple megabits per second of bandwidth to mobile devices, he said. Â
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Telecoms network firm Ericsson  on Sunday signed a framework agreement to provide $1 billion worth of networking equipment to China Mobile Communications Corp.
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Global Tower Partners, a U.S. wireless  tower operator, is to be bought by a consortium of  infrastructure funds managed by members of Australia&#39;s  Macquarie Group in a deal valued at $1.4 billion.
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(InfoWorld) - Broadcom Corp., one of networking's biggest chip makers, is buying a vendor of production-ready software for network gear. LVL7 Systems Inc. sells software that runs switches and routers for small and medium-sized businesses (SMBs). By delivering that software to OEMs (original equipment manufacturers) and ODMs (original design manufacturers) and integrating and testing it with their products, LVL7 cuts development costs and time to market. Broadcom will pay about US$62 million in cash for LVL7, based in Research Triangle Park, North Carolina. The deal, announced Wednesday, has been approved by both companies' boards and LVL7 shareholders, and it should close by the end of the year, according to the companies. Broadcom supplies various chips to some of the biggest names in networking, including Cisco Systems Inc., Nortel Networks Corp., Hewlett-Packard Co. and Motorola Inc. LVL7 will let it deliver a complete package of hardware and software to vendors making SMB equipment, helping them more quickly bring out new products and enter new technology areas, such as wireless LAN switching, according to the companies. LVL7 said Broadcom has been a partner for several years. LVL7, founded in 1999, has about 170 employees split between Research Triangle Park and Hyderabad, India. They will become Broadcom employees and remain in those locations, said Broadcom spokeswoman Gennis Lafayette.