Sunday, December 3, 2006

Alcatel-Lucent Finalizes Deal for Nortel's UMTS Radio Access Business

Alcatel-Lucent finalized an agreement with Nortel to acquire its UMTS radio access business (UTRAN) and related assets for USD 320 million (EUR 250 million). The deal was first announced on September 1, 2006.

Approximately 1,700 people will join Alcatel-Lucent, of which about 1,100 are R&D engineers, based mainly in France, Canada and China.


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