Alcatel and Lucent close tie-up | VailDaily.com
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Alcatel and Lucent close tie-up

PARIS – 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.The deal’s completion was announced after the new Alcatel-Lucent board met for the first time in Paris, which also approved the appointment of two independent directors to the 14-strong board. Lucent chief executive Patricia Russo, who will head the combined company from Paris, said the combination created an “undisputed leader in the industry.”


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