Alcatel and Lucent Set to Seal Merger

Summary


TERMS of a "merger of equals" between French telecoms equipment maker Alcatel and its US rival Lucent are likely to be unveiled before the weekend.

The boards of the two companies meet today and are expected to approve a deal that will create a new world leader with a market capitalisation of about $35 billion (Pounds 20.1 billion).

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Extract


Alcatel and Lucent Set to Seal Merger

According to French reports, Alcatel...

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