While seen as a necessity to compete in the wireless infrastructure market, the merger between Alcatel and Lucent is beginning to have some detractors. Dresdner Kleinwort analyst Per Lindberg last week questioned the terms of the merger, which is set for a shareholder vote on Sept. 7. Lindberg raised concerns about Lucent's pension liabilities and warned that Alcatel would face trouble running Lucent's Bell Labs arm, which does sensitive research for the government. Meanwhile, some Alcatel shareholders have questioned the value of the deal since Lucent's July profit warning and weak quarterly results.
For more about the new scrutiny surrounding the deal between Alcatel and Lucent:
- check out this article from The Wall Street Journal (sub. req.)
- read this report from Light Reading