The networking industry takes another turn toward consolidation with the $20 billion merger of Lucent Technologies and Ascend Communications. The move represents yet another tectonic shift in the landscape of companies that provide equipment for the Internet and telecommunications carriers.
Deal combines Net, phone power news analysis
With Ascend, Lucent become both as a provider of equipment for traditional telephone companies--its bread-and-butter market--and for Internet service
Lucent, Ascend in $20 billion merger update
Lucent announces plans to merge with high-end data provider Ascend in a deal worth close to $20 billion, making it the largest such deal in the history of the networking industry.
Lucent makes foray into Spain
The company will buy 12.2 percent of Spain's Amper for $49 million, starting a major alliance for telecommunications in that country.