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Cisco, Alcatel-Lucent eyeing Taiwan's ZyXEL Communications - report


Published : Wed, 17 Jan 2007 01:24
By : Agencies
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TAIPEI (XFN-ASIA) - Cisco Systems Inc and Alcatel-Lucent have both approached ZyXEL Communications Corp (2391.TW), a supplier of networking devices, for a possible acquisition, the Economic Daily News reported, citing a source familiar with the matter.

After Cisco made the proposal several weeks ago, Alcatel-Lucent soon followed suit with its own offer, the source said.

Alcatel-Lucent is interested only in the Taiwan company's IP-DSLAN division, which caters mainly to telecom service providers, and is offering to buy it for 4.5-4.8 bln twd, the source added.

The division's annual revenue is over 3 bln twd.

(1 usd = 32.80 twd)

philip.wang@afxasia.com

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