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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]
21 March 2006 - Lucent Technologies wins the auction for Riverstone Networks over rival Ericsson. The final price was $207 million; 18 April 2006 - Lucent Technologies are currently in the process of a merger of equals with Alcatel; 1 December 2006 - Lucent Technologies completed the process of a merger of equals with Alcatel.
On April 2, 2006, Lucent announced a merger agreement with Alcatel, which was 1.5 times the size of Lucent. [3] Serge Tchuruk became non-executive chairman, and Russo served as CEO of the newly merged company, Alcatel-Lucent, until they were both forced to resign at the end of 2008. The merger failed to produce the expected synergies, and there ...
Telecom equipment manufacturer Alcatel-Lucent has had an enviable performance in 2013, with the stock more than tripling as a long-awaited rebound in business conditions finally appears to be ...
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The company completed its initial public offering (IPO) in June 1997 and was listed on the NASDAQ stock exchange under the ticker symbol GCTI. In late 1999, Alcatel-Lucent (then Alcatel) acquired Genesys for $1.5 billion. [6] In October 2007, Paul Segre succeeded Wes Hayden as Genesys's chief executive officer (CEO). [7]
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