Emergency Response and Wireless Location Systems
by Manlio Allegra
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Alcatel and Lucent Complete Merger Alcatel and Lucent Technologies completed their merger, creating a global communication solutions provider with pro-forma annual revenues of EUR 18.6 billion. The new company, Alcatel-Lucent, will be traded on EURnext Paris and the New York Stock Exchange (NYSE) from December 1st, 2006 under a new common ticker (ALU).
Alcatel-Lucent offers an extensive portfolio spanning IPTV, broadband access, carrier IP, IMS and next-generation networks, and 3G spread spectrum (UMTS and CDMA). It also enjoys strong customer relationships with the 100 largest telecommunications operators and counts more than 250,000 enterprise and government customers worldwide.
Patricia Russo, who will serve as CEO of Alcatel-Lucent, said: "Through this merger, we are bringing together two top-ranking companies to form an undisputed leader in the industry, a company poised to enrich people's lives by transforming the way the world communicates. Alcatel-Lucent is a strong and enduring ally that service providers, governments and enterprises can count on to help them unlock new market and revenue opportunities. This combination represents a strategic fit of vision, geography, solutions and people, leveraging the best of both companies to deliver meaningful communications solutions that are personalized, simple to adopt and available globally. Both Alcatel and Lucent embraced a common culture of innovation and excellence that will help ensure the success of our merger."
Financial terms: As a result of the merger, each outstanding share of Lucent common stock has been converted into the right to receive 0.1952 of an Alcatel ADS. In connection with the merger, Alcatel has issued approximately 878 million shares, which is equivalent to the total number of ADS to be issued to the holders of Lucent common stock. Following the completion of the merger, approximately 2.31 billion ordinary shares of Alcatel-Lucent are outstanding.
Some highlights of the new company:
- 79,000 employees worldwide, after completion of the pending Thales transaction.
- Approximately 23,000 of the 79,000 total number of employees at Alcatel-Lucent are in R&D, including global Bell Labs which will remain headquartered in New Jersey, USA.
- More than 18,000 employees working in services worldwide.
- The company expects to reduce its combined worldwide workforce by approximately 9,000 employees.
- 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.
http://www.alcatel.com
http://www.lucent.com
30-Nov-06
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