Lucent Acquires Deltakabel

Lucent Acquires Deltakabel

March 14, 2000

1 Min Read

HILVERSUM, NETHERLANDS -- Lucent Technologies (NYSE: LU) today announced it has entered into a definitive agreement to acquire DeltaKabel TeleCom cv, of Gouda, the Netherlands, a privately-held developer of cable modem and Internet protocol (IP) telephony solutions for the European market. Terms of the transaction were not disclosed.

DeltaKabel is one of the leading suppliers throughout Europe of both proprietary and standards-based cable modems and cable modem termination systems.

With the acquisition of DeltaKabel, Lucent will be able to offer cable operators in Europe a complete portfolio of cable networking solutions. Lucent expects the closing of the transaction -- which is subject to regulatory approval and other customary closing conditions -- to be completed during the quarter ending June 30, 2000.

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