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Alcatel Intends to Acquire Nortel's UMTS Radio Access Business to Strengthen its Leadership Position in UMTS.

Publication: PR Newswire
Publication Date: 01-SEP-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Set to Become a Strong Number 3 in UMTS and HSxPA

PARIS, September 1 /PRNewswire-FirstCall/ -- Alcatel (Paris: CGEP.PA and NYSE: ALA) announced today that it has signed a non-binding Memorandum of Understanding with Nortel to acquire its UMTS radio access business (UTRAN) and related assets for US $320 million. This is a key step in Alcatel's strategy to further strengthen its UMTS market position, and thus expand its global leadership in broadband access.

With this deal, Alcatel should become one of the world's largest suppliers of UMTS radio access solutions, and further reinforce its technology edge at a time when the UMTS market is expanding rapidly. The proposed acquisition would enhance Alcatel's industry-leading mobile radio expertise and product portfolio with technology and products that enjoy strong recognition among leading operators such as the Vodafone and Orange groups. Alcatel also intends to benefit from significantly strengthened research and development capabilities, amongst the most advanced in the world, with the scale and know-how to lead innovation in broadband wireless access, especially in HSxPA and 3G Long-Term Evolution (3G LTE), fully leveraging Alcatel's expertise in multi-standard radio solutions and Software Defined...

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