Alcatel and Lucent on track with merger

Following the announcement earlier in the year, Alcatel and Lucent say they are on course for the merger completion, claiming to have achieved several milestones.

  • E-Mail
By  Alex Ritman Published  July 12, 2006

Having announced the merger on April 2, 2006, Alcatel and Lucent believe that they are on track to complete the transaction by the end of the year, within the six - 12 month timeframe originally announced. The companies claim to have achieved a number of significant milestones in recent weeks, including satisfying some regulatory conditions to the proposed merger. The business model and the associated organisation of the combined company are now defined and will be implemented immediately upon closing. On June 7, the two companies were notified that they had received early termination under the Hart-Scott-Rodino US Antitrust Improvements Act of 1976 as it pertains to the merger. On June 16, the companies filed for European antitrust approval. The two companies have also announced the new operation’s organisation and business structure, naming heads of all the separate departments. At the top, Patricia Russo, currently chairman CEO of Lucent, will move to become CEO of the new combined company. The Carrier Business groups, headed by Etienne Fouques, will consist of Wireless, to be led by Mary Chan, Wireline, headed by Michel Rahier, and Convergence, headed by Marc Rouanne. Hubert de Pesquidoux will head the new company’s Enterprise Business Group, and John Meyer will lead the Service Business Group. There will be four geographic regions. Europe and North, headed by Vince Molinaro, Europe and South, headed by Olivier Picard, North America, headed by Cindy Christy and Asia-Pacific, headed by Frederic Rose.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code