Alcatel and Lucent Technologies have completed their merger and will trade as Alcatel-Lucent. The new firm, which is incorporated in France, has executive offices in Paris.
With a worldwide presence in 130 countries, Alcatel-Lucent has 79,000 employees after completion of the Thales transaction.
The new entity has more than 18,000 employees working in services worldwide, boasting more than 250,000 enterprise and government customers.
Approximately 23,000 of the 79,000 total number of employees at Alcatel-Lucent are in R&D, including Bell Labs which will remain headquartered in New Jersey.
The combined company's technologies include IPTV, broadband access, carrier IP, IMS, next-generation networks and 3G spread spectrum (UMTS and CDMA).
The company will have four geographic regions: Asia-Pacific; Europe and North Europe; South America and North America.
There will be five business groups: Wireline; Wireless; Convergence; Enterprise and Services. Each will have a decentralised regional organisation.
In addition there will be several corporate functions that support the company including worldwide integrated supply chain and procurement, finance, information technology, marketing, human resources, legal and communications.
As a result of the merger, each outstanding share of Lucent common stock has been converted into the right to receive 0.1952 of an Alcatel ADS.
In connection with the merger, Alcatel has issued approximately 878 million shares, which is equivalent to the total number of ADS to be issued to the holders of Lucent common stock.
Following the completion of the merger, approximately 2.31 billion ordinary shares of Alcatel-Lucent are outstanding.
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