Lucent Technologies and Alcatel executives have called off a potential merger of the two telecommunications equipment giants.
Trans-Atlantic telecom equipment rivals Lucent Technologies and Alcatel could agree on a merger worth around US$32 billion as early as tomorrow, providing talks progressed over the weekend.
The Australian operations of networking equipment vendors Alcatel and Lucent have declined to comment for now on the local implications of the companies' US$33 billion merger.
French telecoms technology provider Alcatel and US equipment firm Lucent Technologies on Sunday announced a merger agreement, creating a US$33 billion dollar giant in global telecommunications.
Alcatel and Lucent Technologies shareholders approved Alcatel's $11 billion acquisition of Lucent on Thursday, ticking off another hurdle in the companies' plans to consolidate their businesses.
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