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Lucent Technologies, Inc. was an American multinational telecommunications equipment company headquartered in Murray Hill, New Jersey.It was established on September 30, 1996, through the divestiture of the former AT&T Technologies business unit of AT&T Corporation, which included Western Electric and Bell Labs.
In October 2011, Alcatel-Lucent sold its Genesys call-centre services business unit to Permira, a private equity group, for $1.5 billion—the same amount that Lucent had paid for the business in 2000. Alcatel-Lucent needed funding for the Franco-American business, which made annual losses from 2007 to 2011. [17]
The divestiture of the manufacturing units made them suppliers rather than competitors, opening up new markets to Lucent and to the Reading Works. At the same time it caused the anxiety that comes with change. [17] On October 1, 1996, Lucent Technologies became independent of AT&T. The Reading Works became Lucent Technologies Reading Facility.
As the world's third-richest person and most celebrated investor, Warren Buffett attracts a lot of attention. Thousands try to glean what they can from his thinking processes and track his ...
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Avaya Inc. was spun off from Lucent as its own company in 2000 (Lucent merged with Alcatel SA in 2006, becoming Alcatel-Lucent, which was purchased in turn by Nokia in 2016). Avaya Inc. were listed on the NYSE using the symbol AV from 2000 to 2007.
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