Lucent Technologies and Alcatel executives have called off a potential merger of the two telecommunications equipment giants.
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.
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.
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.
Microsoft last week launched a hostile US$44.6bn takeover bid to buy Web giant Yahoo. If the deal goes ahead it will be the latest in a line of multibillion-dollar mergers and acquisitions the tech sector has witnessed in recent years.
Let's not go back to the bad old days where telco and vendor incumbents were unchallenged.
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