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Ascend Communications and Lucent Technologies Receive Merger Clearance From DOJ

 

MURRAY HILL, N.J., April 12, 1999—Lucent Technologies (NYSE:LU) and Ascend Communications (NASDAQ:ASND) said they have received antitrust clearance for their proposed merger from both the U.S. Department of Justice (DOJ) and the European Commission.

The merger, which was announced on Jan. 13, is expected to be completed in the quarter ending June 30, pending the approval of Ascend shareowners.

Lucent Technologies, headquartered in Murray Hill, N.J., USA, designs, builds and delivers a wide range of public and private networks, communications systems and software, data networking systems, business telephone systems and microelectronic components. Bell Laboratories is the research and development arm for the company. For more information on Lucent Technologies, visit its Web site at http://www.lucent.com.

Ascend Communications Inc. develops, manufactures, sells and services wide area networking solutions for telecommunications carriers, Internet service providers and corporate customers worldwide.

For more information about Ascend and its products, please visit the Ascend Web site at http://www.ascend.com, or send e-mail to info@ascend.com. For Investor Relations, please call our communications hotline at 800-648-3059 or 760-704-4423 (outside the U.S. and Canada). Additional investor information can also be accessed on our Web site at: http://www.ascend.com/investor. Ascend is headquartered at One Ascend Plaza, 1701 Harbor Bay Parkway, Alameda, Calif. 94502; phone is 800/ASCEND4 and fax is 510-814-2300.


 

Ascend Editorial Contact
Eric Warren
Ascend Communications
510-747-6683 (office)
800SKYTEL2 Pin 1469128
eric.warren@ascend.com

 

 

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