Alcatel, Lucent finalize merger

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Alcatel, Lucent finalize merger

Telecoms equipment companies Alcatel and Lucent Technologies said on Sunday they had entered a definitive agreement to merge and form a new group with revenues of around $25.4 billion.

The transaction, which will see Alcatel shareholders have the lion’s share of the new company, stands to create a world leader in its sector and comes amid a wave of consolidation in the telecoms industry.

Read the complete story here. (eWeek)