Wednesday, September 6, 2006

Alcatel and Lucent Shareholders Approve Merger

Alcatel shareholders voted to approve all proposed resolutions related to the merger with Lucent Technologies. Likewise, shareholders of Lucent Technologies voted to approve the merger.

Alcatel and Lucent now expect to complete their merger transaction by the end of calendar year 2006, within the six- to 12-month timeframe originally announced on April 2.

"Today we received approval for the merger from Lucent´s shareowners, and as a result, we are another step closer to creating the first truly global communications solutions provider with the broadest wireless, wireline and services portfolio in the industry," said Patricia Russo, Lucent Technologies Chairman and CEO .

"I'm delighted that Alcatel's shareholders have approved our strategic merger with Lucent Technologies, and I thank them for their trust. " said Serge Tchuruk, Chairman and CEO of Alcatel. "This significant transaction is about creating the world leader in our industry. This offensive strategy, strengthened by the projects to acquire some of Nortel's assets and the reinforcement of our partnership with Thales, aims to increase Alcatel's value for its shareholders, and to provide its customers with the broadest portfolio and to give its employees great opportunities."http://www.alcatel.com


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