TELECOM Digest OnLine - Sorted: New Telecom Giant to Settle in Shanghai

New Telecom Giant to Settle in Shanghai

Shanghai Daily News (
Fri, 12 Jan 2007 22:48:10 -0600

Alcatel-Lucent, the result of a recent merger between the two telecom
giants, said yesterday it would open its Asia Pacific headquarters in

Frederic Rose, former Alcatel Asia Pacific's president, has been
appointed Alcatel-Lucent Asia Pacific president. Gerald Dega, Alcatel
Shanghai Bell's (ASB) president, is in charge of the new company's
business in China.

"We choose Shanghai because of the investment-friendly environment in
Pudong and we will expand business in China through the platform ASB,"
Rose said in a Chinese-language statement.

In 2000, Alcatel was the first multinational company to set up an Asia
Pacific headquarters in Shanghai. Before the merger, Lucent's Asia
Pacific headquarters was in Singapore.

The two companies completed their merger in December. Their combined
revenue was 18.6 billion euros (US$23.9 billion) in 2005, the latest
figures available.

"More Asia Pacific headquarters and innovation centers have moved into
Shanghai and that shows the city's strong positions in the investment
environment and other conditions," said Zhou Yupeng, Shanghai's vice
mayor, who also attended the opening ceremony.

More than 500 regional headquarters, investment firms and research
centers have moved into Shanghai, according to Zhou without providing
comparative figures.

In the global telecom industry, several huge-scale mergers have
happened, such as Alcatel and Lucent, Nokia and Siemens' networks
division and BenQ and Siemens' mobile phone units.

China, with 455 million mobile phone users, is expected to launch 3G
licenses this year and telecom equipment makers, including
Alcatel-Lucent, Nokia-Siemens and Huawei, all hope to grab more market
share in the multi-billion-dollar market.

Source:Shanghai Daily
Copyright 2007 Associated Press

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