Business
ITT Corp. has agreed to sell its 30% stake in the telecommunications manufacturing giant Alcatel NV for about $3.6 billion in cash and stock, officials announced Tuesday.
March 4, 1992
Shares of Xylan Corp. rose 14% Monday amid speculation that the maker of sophisticated computer-networking equipment may be acquired by a large telephone-equipment maker such as Alcatel SA.
Feb. 23, 1999
Technology and the Internet
Telecom: Century-old French phone equipment firm has made competitive inroads by acquiring American firms and strategies and leaving tradition behind.
April 9, 2000
Nokia is in “advanced discussions” to merge with Alcatel-Lucent, a major rival in providing network equipment for mobile phones and other telecommunications gear, the companies said Tuesday.
April 14, 2015
The deal would create a telecom equipment maker with annual sales of about $25 billion.
April 3, 2006
Shares of Alcatel-Lucent dived nearly 9% on Thursday after the Paris-based telecommunications equipment giant slashed its full-year revenue growth forecast and said it expected third-quarter operating profit to be “around break-even.”
Sept. 14, 2007
Nokia Corp., once a household name as the leading seller of cellphones, agreed to buy a major rival in its effort to remake itself into a global leader in another telecom field.
April 15, 2015
Alcatel, Europe’s second-largest phone equipment maker, said Wednesday that it agreed to buy Canada’s Newbridge Networks Corp. for $6.5 billion in stock in a deal that could help it catch up with Lucent Technologies Inc. and Cisco Systems Inc.
Feb. 24, 2000
Financing: French firm will add to its already considerable spending on promising companies.
Jan. 20, 2000
Steve Kim, who built Xylan into one of Southern California’s fastest-growing companies and sold it for $2 billion, now works with other entrepreneurs as a venture capitalist.
July 3, 2000