Nov 30, 2006 (12:11 PM EST)
Merger Of Lucent And Alcatel Is Complete
Read the Original Article at InformationWeek
Alcatel and Lucent Technologies completed their "merger of equals" Thursday, and the new company began its new life with a distinct French flavor.
Pro-forma annual revenue was listed at 18.6 billion euros and R&D investments at 2.7 billion euros. The new company, now called Alcatel-Lucent, is incorporated in France with its executive offices located in Paris.
The new stock ticker is ALU, and the firm's stock will be traded on the Euronext Paris and New York Stock Exchange.
"The company will have the most experienced global services team in the telecommunications industry, as well as one of the largest research, technology, and innovation organizations in the industry," said Serge Tchuruk, the board chairman of the new firm. Patricia Russo, formerly chief executive of Lucent, was appointed CEO of Alcatel-Lucent.
The total employee head count is 79,000, with about 23,000 of them working in R&D. Bell Labs, which has a long history of providing important defense and strategic services and products during war and peace for the United States, will remain headquartered in New Jersey.
Before its many iterations, Lucent had been Western Electric, the manufacturing arm of the old AT&T Bell System. The manufacturing unit was gradually whittled down after the original AT&T was broken up more than two decades ago. The former regional Bell operating companies also were broken off from AT&T, but most of those have been pieced together again with two or three former regional Bell operating company pieces remaining.