Alcatel-Lucent Nortel deal gets the green light

The telecom giant has finally completed its acquisition of Nortel’s UMTS infrastructure business.
Alcatel-Lucent Nortel deal gets the green light
By Administrator
Thu 11 Jan 2007 10:42 AM

Alcatel, which recently merged with Lucent, announced in September its intention to acquire the Nortel division for US$320 million, but the deal had been held up by regulators in the US.

Having cleared regulatory approval last month, the deal closed on December 31.

The move makes Alcatel-Lucent one of the largest providers of universal mobile telecommunication systems (UMTS) equipment, according to Alcatel-Lucent, which claims that one in four UMTS operators worldwide uses its products.

Approximately 1,700 employees from Nortel’s UMTS unit are expected to join Alcatel-Lucent, including a large number from the company’s research and development division.

Alcatel completed its merger with Lucent Technologies in November 2006.

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