Alcatel-Lucent Closes Acquisition of
Nortel’s 3G Data Business
Press Release -
6:00 am on January 3, 2007
Recently merged telecommunications equipment giant, Alcatel-Lucent,
announced yesterday that it has completed its acquisition of Nortel
Networks’ UMTS wireless data business, after getting approval from the
necessary regulatory authorities.
The $320 million deal, which was signed last moth, will significantly
improve Alcatel-Lucent’s position in the global 3G market. The company
will take over 1700 of Nortel’s employees, mostly in Canada, France,
and China, and will gain a number of associated patents and contracts.
“Our aim is to achieve the optimum combination of Alcatel-Lucent and
Nortel’s technologies, with minimum customer disruption. We are well
positioned to capture the UMTS market growth opportunity,” commented
Alcatel-Lucent’s president of wireless activities, Mary Chan, in a
prepared statement.
Following this acquisition, around one in four of the world’s UMTS
operators will be making use of Alcatel-Lucent’s 3G technology.
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