Lucent

Alcatel and Lucent move closer

Alcatel and Lucent moved another step towards their proposed merger Tuesday as the Committee on Foreign investment in the US (CFIUS) gave its blessing to the deal under the provisions of the Exon-Florio amendment. The companies gave notice of the merger to the CFIUS in August. The companies said the CFIUS prepared a recommendation on […]

Lucent, Alcatel deal sheds 9,000 jobs

Around 9,000 jobs are to be shed when the merger between Lucent and Alcatel is completed, the companies said Monday night. In a statement, the pair said they “are on track to complete… the merger transaction by the end of calendar year 2006″. Analysts predicted there would be job losses a as result of the […]

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