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Alcatel and Lucent to Merge

Posted by ryuzaki0 on from the come-together dept.

Cappella writes "It is confirmed. Alcatel and Lucent are combining to form a USD $25 billion entity. This marks a new wave of telecommunications company consolidation in the next few months to come." They first tried to work out a merger five years ago, but finally, at long last, it's come to fruition.

2 of 174 comments (clear)

  1. Re:AT&T by fm6 · · Score: 4, Interesting

    Since the new company will be headquartered in Paris, it would have to be French Electric.

  2. Saves on incest costs.. by Mowie_X · · Score: 5, Interesting

    The whole industry is very incestuous. It will save a lot of money from both companies kitty used to lure employees from the other. Don't count this as minor savings either. It was not uncommon at all for Lucent to fly Cisco/Nortel employees from Can to US for an interview at the spur of the moment -- including putting them up in hotel, costs, etc...

    I do suspect this will lead to a lot of layoffs however. Do they really need 2 wireless divisions doing exactly the same thing?