Alcatel-Lucent Cleared by the EU to Transfer its Space Assets to Thales

Apr 10, 2007, 01:00 ET from Alcatel-Lucent

    PARIS, April 10 /PRNewswire-FirstCall/ -- Following the unconditional
 clearance decision of the European Commission, Alcatel-Lucent (Euronext
 Paris and NYSE:   ALU) announced the transfer of its shareholdings in two
 space joint venture companies, Alcatel Alenia Space (67%) and Telespazio
 (33%), to Thales. This final regulatory approval permits the transfer of
 Alcatel-Lucent's satellite shareholdings, in addition to its railway
 signaling business and its integration and services activities for
 mission-critical systems which were already transferred to Thales in
 January.
     In December, Alcatel-Lucent and Thales had already reached an agreement
 to extend and reinforce the partnership between the two companies to
 exploit the synergies that can be obtained from their complementary skills,
 the highlights of which include the following: commercial cooperation for
 the major institutional markets such as Defense, Security, Energy and
 Transportation markets, cooperation in space activities especially in
 Mobile TV and enhanced cooperation in Research and Development. Besides,
 the signing of a mobility charter for employees is planned between
 Alcatel-Lucent and Thales which will stimulate the sharing of talent and
 exchange knowledge between the two companies.
     Alcatel-Lucent and the French State entered in January 2007 into a new
 Shareholders' Agreement for a renewable period of 5 years, replacing the
 former shareholders' agreement concluded in June 1998 between Alcatel,
 Groupe Industriel Marcel Dassault and the French State.
     The terms of the overall transaction which is now completed are:
     - With respect to the transfer of the space, transportation & security
 activities, 25 million new Thales shares were issued in favor of
 Alcatel-Lucent, as well as a cash payment of Euro 710 million.
     - As a result, Alcatel-Lucent's interest in Thales increased from 9.46%
 to 20.95%. The French State remains Thales' main shareholder with a 27.29%
 stake (compared with 31.26% previously).
     - The value of the 67% shareholding in Alcatel Alenia Space will be
 re-assessed by an independent expert at the beginning of 2009, which may
 trigger an upward value adjustment.
     - Alcatel-Lucent has four members of the Thales Board.
     Alcatel-Lucent should book a total capital gain before taxes of around
 Euro 800 million in its Q1 2007 results.
     About Alcatel-Lucent
     Alcatel-Lucent (Euronext Paris and NYSE:   ALU) provides solutions that
 enable service providers, enterprises and governments worldwide, to deliver
 voice, data and video communication services to end-users. As a leader in
 fixed, mobile and converged broadband networking, IP technologies,
 applications, and services, Alcatel-Lucent offers the end-to-end solutions
 that enable compelling communications services for people at home, at work
 and on the move. With operations in more than 130 countries, Alcatel-Lucent
 is a local partner with global reach. The company has the most experienced
 global services team in the industry, and one of the largest research,
 technology and innovation organizations in the telecommunications industry.
 Alcatel-Lucent achieved adjusted proforma revenues of Euro 18.3 billion in
 2006 and is incorporated in France, with executive offices located in
 Paris. [All figures exclude impact of activities to be transferred to
 Thales]. For more information, visit Alcatel-Lucent on the Internet:
 http://www.alcatel-lucent.com
     Alcatel-Lucent Press Contacts
 
     Regine Coqueran
     Tel: +33-(0)1-40-76-49-24
     regine.coqueran@alcatel-lucent.com
 
     Stephane Lapeyrade
     Tel.: +33-(0)1-40-76-12-74
     stephane.lapeyrade@alcatel-lucent.com
 
     Alcatel-Lucent Investor Relations
 
     Pascal Bantegnie
     Tel: +33-(0)1-40-76-52-20
     pascal.bantegnie@alcatel-lucent.com
 
     Maria Alcon
     Tel: +33-(0)1-40-76-15-17
     maria.alcon@alcatel-lucent.com
 
     John DeBono
     Tel: +1908-582-7793
     debono@alcatel-lucent.com
 
 

SOURCE Alcatel-Lucent
    PARIS, April 10 /PRNewswire-FirstCall/ -- Following the unconditional
 clearance decision of the European Commission, Alcatel-Lucent (Euronext
 Paris and NYSE:   ALU) announced the transfer of its shareholdings in two
 space joint venture companies, Alcatel Alenia Space (67%) and Telespazio
 (33%), to Thales. This final regulatory approval permits the transfer of
 Alcatel-Lucent's satellite shareholdings, in addition to its railway
 signaling business and its integration and services activities for
 mission-critical systems which were already transferred to Thales in
 January.
     In December, Alcatel-Lucent and Thales had already reached an agreement
 to extend and reinforce the partnership between the two companies to
 exploit the synergies that can be obtained from their complementary skills,
 the highlights of which include the following: commercial cooperation for
 the major institutional markets such as Defense, Security, Energy and
 Transportation markets, cooperation in space activities especially in
 Mobile TV and enhanced cooperation in Research and Development. Besides,
 the signing of a mobility charter for employees is planned between
 Alcatel-Lucent and Thales which will stimulate the sharing of talent and
 exchange knowledge between the two companies.
     Alcatel-Lucent and the French State entered in January 2007 into a new
 Shareholders' Agreement for a renewable period of 5 years, replacing the
 former shareholders' agreement concluded in June 1998 between Alcatel,
 Groupe Industriel Marcel Dassault and the French State.
     The terms of the overall transaction which is now completed are:
     - With respect to the transfer of the space, transportation & security
 activities, 25 million new Thales shares were issued in favor of
 Alcatel-Lucent, as well as a cash payment of Euro 710 million.
     - As a result, Alcatel-Lucent's interest in Thales increased from 9.46%
 to 20.95%. The French State remains Thales' main shareholder with a 27.29%
 stake (compared with 31.26% previously).
     - The value of the 67% shareholding in Alcatel Alenia Space will be
 re-assessed by an independent expert at the beginning of 2009, which may
 trigger an upward value adjustment.
     - Alcatel-Lucent has four members of the Thales Board.
     Alcatel-Lucent should book a total capital gain before taxes of around
 Euro 800 million in its Q1 2007 results.
     About Alcatel-Lucent
     Alcatel-Lucent (Euronext Paris and NYSE:   ALU) provides solutions that
 enable service providers, enterprises and governments worldwide, to deliver
 voice, data and video communication services to end-users. As a leader in
 fixed, mobile and converged broadband networking, IP technologies,
 applications, and services, Alcatel-Lucent offers the end-to-end solutions
 that enable compelling communications services for people at home, at work
 and on the move. With operations in more than 130 countries, Alcatel-Lucent
 is a local partner with global reach. The company has the most experienced
 global services team in the industry, and one of the largest research,
 technology and innovation organizations in the telecommunications industry.
 Alcatel-Lucent achieved adjusted proforma revenues of Euro 18.3 billion in
 2006 and is incorporated in France, with executive offices located in
 Paris. [All figures exclude impact of activities to be transferred to
 Thales]. For more information, visit Alcatel-Lucent on the Internet:
 http://www.alcatel-lucent.com
     Alcatel-Lucent Press Contacts
 
     Regine Coqueran
     Tel: +33-(0)1-40-76-49-24
     regine.coqueran@alcatel-lucent.com
 
     Stephane Lapeyrade
     Tel.: +33-(0)1-40-76-12-74
     stephane.lapeyrade@alcatel-lucent.com
 
     Alcatel-Lucent Investor Relations
 
     Pascal Bantegnie
     Tel: +33-(0)1-40-76-52-20
     pascal.bantegnie@alcatel-lucent.com
 
     Maria Alcon
     Tel: +33-(0)1-40-76-15-17
     maria.alcon@alcatel-lucent.com
 
     John DeBono
     Tel: +1908-582-7793
     debono@alcatel-lucent.com
 
 SOURCE Alcatel-Lucent