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Lucent Makes VoIP Acquisition
Lucent (LU Quote) Monday said it would require Telica, a voice-over-Internet protocol communications company, for about $295 million dollars.
The acquisition of Telica, a privately held company in Marlborough, Mass., will strengthen Lucent's position in the rapidly expanding VoIP business, which has attracted many of the industry's major players in recent months.
Under terms of the deal, Lucent will pay for the transaction in stock and options, and also make employee-related cash payments. ...
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