Alcatel-Lucent Deal Approved

Lucent announced that its shareowners voting had overwhelmingly approved the Agreement and Plan of Merger with Alcatel

September 7, 2006

2 Min Read

PARIS -- Shareholders of Alcatel (Paris: CGEP.PA AND NYSE: ALA), at the annual ordinary and extraordinary Shareholders' Meeting, today approved all proposed resolutions related to the merger with Lucent Technologies, Inc.

All other resolutions were also approved by the Alcatel shareholders.

"I'm delighted that Alcatel's shareholders have approved our strategic merger with Lucent Technologies, and I thank them for their trust. " said Serge Tchuruk, Chairman and CEO of Alcatel. "This significant transaction is about creating the world leader in our industry. This offensive strategy, strengthened by the projects to acquire some of Nortel's assets and the reinforcement of our partnership with Thales, aims to increase Alcatel's value for its shareholders, and to provide its customers with the broadest portfolio and to give its employees great opportunities. We remain confident in the closing of these three strategic moves by the end of the year, when all the necessary approvals are granted."

MURRAY HILL, N.J. -- Lucent Technologies (NYSE: LU - News) today announced that its shareowners voting had overwhelmingly approved the Agreement and Plan of Merger with Alcatel, dated as of April 2, 2006, at the Special Meeting of Shareowners held earlier today. Final results of the shareowner vote will be disclosed in an upcoming filing with the Securities and Exchange Commission.

"As we have said from the start, the primary driver of this combination is to create long-term value for shareowners, customers, and employees," said Lucent Technologies Chairman and CEO Patricia Russo. "Today we received approval for the merger from Lucent's shareowners, and as a result, we are another step closer to creating the first truly global communications solutions provider with the broadest wireless, wireline and services portfolio in the industry."

Alcatel and Lucent expect to complete their merger transaction by the end of calendar year 2006, within the six- to 12-month timeframe originally announced on April 2. The companies have already cleared several key regulatory and antitrust milestones, including antitrust clearance in the United States and the European Union. In addition, the companies have submitted a formal notice to the Committee on Foreign Investment in the United States (CFIUS), seeking U.S. governmental approval of their pending merger.

Lucent Technologies Inc. (NYSE: LU)

Alcatel (NYSE: ALA; Paris: CGEP:PA)

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