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Short Take: Lucent buys remaining stake in WaveAccess

Lucent Technologies announced it has acquired the remaining 80 percent of WaveAccess, a wireless communications specialist, for $50 million. In May, Lucent acquired a 20 percent stake in the firm. The remaining 80 percent stake is expected to result in a one time charge, taken no later than Lucent's March 31, 1999 quarter.

Lucent Technologies announced it has acquired the remaining 80 percent of WaveAccess, a wireless communications specialist, for $50 million. In May, Lucent acquired a 20 percent stake in the firm. The remaining 80 percent stake is expected to result in a one time charge, taken no later than Lucent's March 31, 1999 quarter.