Alcatel to acquire Nortel's UMTS business for $320 million
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French telecommunications equipment provider Alcatel says it plans to buy Canadian firm Nortel's third-generation mobile telephone business and related assets for 320 dollars (410 million euros).
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Alcatel  unveiled on Friday a  preliminary agreement to buy Nortel's  third generation  cell phone network unit for $320 million, aiming to achieve  greater scale amid cut-throat price competition.
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Nortel Networks Corp., North America&#39;s biggest maker of phone equipment, will pare 3,250 jobs, 250 fewer than it predicted last month, as it reduces other costs including real estate.
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AT&amp;T Inc., the nation's largest wireless carrier, agreed Friday to acquire rural wireless provider Dobson Communications Corp. for $2.8 billion in cash.
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Alcatel-Lucent, a telecoms equipment giant valued at 21.5 billion euros (27 billion dollars), began life after the merger of French group Alcatel and its former US rival Lucent.
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Company will bolster its 3G wireless business with $320 million purchase of Nortel equipment, technology.
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SAN ANTONIO -- AT&amp;T Inc., the nation's largest wireless carrier, agreed yesterday to acquire rural wireless provider Dobson Communications Corp. for $2.8 billion.
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Telecommunications service provider signs deal to take over Infonet for $965 million.
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A merger between Avaya Inc.  and Canada's Nortel Networks Corp.  could create a leading vendor of Web-based phone systems, a Prudential analyst said on Tuesday, as talk swirled over a possible buyout bid for the U.S. telecommunications equipment maker.
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Alcatel has expanded its foothold in the  key North American market with the acquisition of a mobile  software provider and a conference technology business for $277  million.
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Nortel scores its first major wireless deal with an Indian service provider.
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Cingular Wireless will leverage the additional spectrum it gained through the acquisition of AT&amp;T Wireless to deploy a third-generation wireless data network based on the global UMTS standard.
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(InfoWorld) - Lucent Technologies has averted a potentially embarrassing delay of its shareholder vote on a merger with Alcatel,Â settling two suits by shareholdersÂ who said the deal doesn't maximize shareholder value. Lucent and AlcatelÂ agreed in April to mergeÂ into a global communications vendor that would have about $25 billion in annual revenue. Both companies plan to hold shareholder votes to approve the deal on Thursday. Plaintiffs in Resnick vs. Lucent Technologies Inc. wanted to postpone Lucent's vote, and the company was due at a hearing Wednesday in the Superior Court of New Jersey in Union County to fight that move. Another group of shareholders pursuing a similar suit, Asa R. Maley Trust vs. Lucent, also would have joined the hearing. Now Lucent won't have to face the danger of a legal entanglement the day before its planned vote. Both suits were intended as class actions on behalf of owners of Lucent stock. Terms of the settlement Lucent reached with them will be disclosed later, the company said in a filing to the U.S. Securities and Exchange Commission on Friday. The Lucent-Alcatel deal would be one of the biggest shifts yet in the consolidation of both service providers and vendors in the telecommunications industry. Both the U.S. Federal Trade Commission and the European Commission have approved the plan, but it still faces opposition from some investment firms and needs the blessing of the Committee on Foreign Investment in the U.S. Lucent is based in Murray Hill, New Jersey. The merged company, to be called Alcatel Lucent, would have its headquarters in Alcatel's base of Paris. Â ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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WASHINGTON (CBS.MW) - Lucent Technologies and Nortel Networks on Tuesday won contracts totaling $2.5 billion to help Sprint upgrade its wireless network to offer high-speed service.
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AT&T has agreed to purchase wireless carrier Dobson Communications Corp.  in a deal valued between $2.5 billion and $3 billion, the Wall Street Journal reported on its Web site on Friday.
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Justice Department antitrust regulators cleared the way Monday for Cingular Wireless LLC's $41 billion acquisition of AT&T Wireless Services Inc., a crucial step toward creating the nation's largest wireless telephone company.
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Federal regulators approved the $41 billion purchase of AT&amp;T Wireless by Cingular Wireless, a crucial step in a merger that will create the nation&#39;s largest cellphone company.