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Technology

Alcatel, Lucent Wrap Merger

11/30/2006 8:55 AM Eastern

Alcatel and Lucent Technologies will become Alcatel-Lucent Friday.

The two companies said Thursday that their merger, originally announced April 2, is now completed.

Alcatel-Lucent is incorporated in France, with executive offices located in Paris, and it will trade on Euronext Paris and the New York Stock Exchange under a new ticker symbol: ALU.

“Alcatel-Lucent will be for our customers a partner with the scale and scope to design, build and manage increasingly complex networks that deliver advanced converged services and communications experience to the end-user,” Alcatel-Lucent chairman Serge Tchuruk said in a prepared statement.

CEO Patricia Russo added, “Through this merger, we are bringing together two top-ranking companies to form an undisputed leader in the industry, a company poised to enrich people's lives by transforming the way the world communicates. This combination represents a strategic fit of vision, geography, solutions and people, leveraging the best of both companies to deliver meaningful communications solutions that are personalized, simple to adopt and available globally.”

September