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December 21, 2007 |
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ALCATEL-LUCENT SA: Sells Draka Comteq B.V. Stake for EUR209 Mln Alcatel-Lucent S.A. has reached an agreement with Draka Holding N.V. to sell its 49.9% share in Draka Comteq B.V. against payment of an aggregate cash purchase price of EUR209 million. Under this transaction, Draka acquires full ownership of Draka Comteq. Draka Comteq B.V. is a leader in the field of optical fibre and optical fibre cable, created on July 1, 2004 by combining the worldwide optical fibre and communication cable activities of Draka and Alcatel-Lucent. Since the initial establishment of the joint venture, Draka Comteq has been controlled by Draka and its results have been consolidated in full in the Draka consolidated financial statements. It is expected that the transaction completed by the end of 2007. About Alcatel-Lucent Headquartered in Paris, France, Alcatel-Lucent S.A. -- http://www.alcatel-lucent.com/ -- provides solutions that enable service providers, enterprises and governments worldwide to deliver voice, data and video communication services to end users. Alcatel-Lucent maintains operations in 130 countries, including, Austria, Germany, Hungary, Italy, Netherlands, Ireland, Canada, United States, Costa Rica, Dominican Republic, El Salvador, Guatemala, Peru, Venezuela, Indonesia, Australia, Brunei and Cambodia. * * * As reported in the Troubled Company Reporter-Latin America on Nov. 9, 2007, Moody's Investors Service has downgraded to Ba3 from Ba2 the Corporate Family Rating of Alcatel-Lucent. The ratings for senior debt of the group were equally lowered to Ba3 from Ba2 and the trust preferred notes of Lucent Technologies Capital Trust I have been downgraded to B2 from B1. At the same time, Moody's affirmed its Not-Prime rating for short-term debt of Alcatel-Lucent. Moody's outlook for the ratings is stable. Alcatel-Lucent's Long-Term Corporate Credit rating and Senior Unsecured Debt carry Standard & Poor's Ratings Services' BB rating. Its Short-Term Corporate Credit rating stands at B. |
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