Alcatel, Lucent complete merger creating world’s leading communication
solutions provider
By Asghar Ali Mubarak

ISLAMABAD—Alcatel and Lucent Technologies announced the completion of their merger transaction and that they will begin operations as the world’s leading communication solutions provider on December 1st, 2006. The new company Alcatel-Lucent, with one of the largest global R&D capabilities in communications and the broadest wireless, wireline and services portfolio, is incorporated in France, with executive offices located in Paris. The company will be traded on Euronext Paris and the New York Stock Exchange (NYSE) from December 1st, 2006 under a new common ticker (Euronext Paris and NYSE: ALU). 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.
Serge Tchuruk, appointed as Chairman of the Board of Alcatel-Lucent, said: “Alcatel-Lucent will be for our customers a partner with the scale and scope to design, build and manage increasingly complex networks that deliver advanced converged services and communications experience to the end-user. That is what Alcatel-Lucent will deliver with an unparalleled focus on execution, innovation and service for our customers: the company will have the most experienced global services team in the telecommunications industry, as well as one of the largest research, technology and innovation organizations in the industry. In fact, our combined company is ideally positioned to help our customers transform their networks so they can offer new kinds of personalized, blended applications and services.”
Patricia Russo, appointed as Chief Executive Officer of Alcatel-Lucent, Patricia Russo is Chief Executive Officer of Alcatel-Lucent. Prior to the merger of Alcatel and Lucent Technologies, Patricia Russo was Chairman and Chief Executive Officer of Lucent. As one of the founding executives of the company, she helped launch Lucent in 1996 and spent more than 20 years of her career managing some of Lucent’s and AT&T’s largest divisions and most critical corporate functions.
As Lucent’s CEO since January 2002, Patricia Russo led the company through one of the most challenging periods in the telecom industry’s history and helped return the company to profitability. Under her leadership, Lucent implemented a new operating model, developed a more customer- and marketing-driven culture, won new business in emerging markets, expanded the role and reach of Bell Labs.