Alcatel Acquires Telica Inc for $295,000,000

  • Feed Type
  • Date
    5/24/2004
  • Company Name
    Telica Inc
  • Mailing Address
    734 Forest St G100 Marlborough, MA 01752-3032
  • Company Description
    Telica’s VoIP switching solutions bridge next-generation and legacy networks for wireline and wireless carriers. With a highly affordable cost per port, Telica’s scalable PLUS second-generation softswitches and gateways deliver significantly more calling capacity than legacy circuit switches or first-generation softswitches.
  • Website
    '>http://www.Telica.com
  • Transaction Type
    M&A
  • Transaction Amount
    $295,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Lucent Technologies (NYSE: LU) today said it had agreed to acquire Telica, for approximately $295 million in stock and options, plus additional employee-related cash payments. Under the terms, Lucent will exchange 92.7 million shares of common stock and options for all of Telica’s equity. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close during Lucent’s fourth fiscal quarter of 2004.

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