EU okays Lucent purchase of Ascend

The European Commission said on Friday it has approved the acquisition of Ascend Communications by Lucent Technologies.

The commission determined that since the two companies' operations have few overlaps, the acquisition will not create or strengthen a dominant position in any relevant product or geographic market, according to a commission statement.

Although both US-based companies produce equipment for communications networks, Lucent's main activities concern telecommunications networks while Ascend focuses on data networks and especially wide area networks, the commission said. The green light also reflects the fact that strong competitors such as Cisco are active in the market, according to the EU.

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